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SailPoint (SAIL.US), a leading provider of enterprise identity security solutions, has filed for an initial public offering (IPO) in the United States, aiming to raise $1 billion.

Market IntelMonday, Jan 20, 2025 2:20 am ET
1min read

SailPoint (SAIL.US), a provider of identity management software for enterprises, filed a preliminary prospectus with the U.S. Securities and Exchange Commission on Friday to go public, planning to raise up to $1 billion.

The company offers solutions to enable comprehensive identity security for enterprises, serving customers including many of the world's largest and most complex organizations, as well as large businesses and governments across all major verticals. It offers a range of solutions to meet different needs in various deployment options, including Identity Security Cloud, a SaaS cloud solution based on the unified platform Atlas, and IdentityIQ, a customer-hosted identity security solution.

Founded in 2005 and headquartered in Austin, Texas, the company had revenue of $824 million in the 12 months ended October 31, 2024. It plans to list on the Nasdaq under the ticker SAIL, and filed a confidential filing on September 12, 2024. Morgan Stanley and Goldman are joint bookrunners for the transaction. The company has not disclosed pricing terms.

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chrisbaseball7
01/20
Insider selling before new products launch could mean tough competition ahead $MS
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01/20

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