Thoma Bravo-Owned SailPoint Discloses Narrower Loss Ahead of IPO
Cybersecurity provider SailPoint, owned by private equity firm Thoma Bravo, has reported a reduced nine-month loss in its U.S. IPO filing.
Thoma Bravo acquired SailPoint for $6.12 billion in 2022, delisted it from public markets five years after its initial IPO. The U.S. IPO market has seen a resurgence due to optimistic equity markets, declining interest rates, and expectations of a more favorable deal environment.
Based in Austin, Texas, SailPoint experienced a loss from operations of $158.5 million for the period ending October 31, 2024. This represents an improvement compared to the $267.5 million loss in the same period of the previous year.
The company plans to list its shares on the Nasdaq Global market under the "SAIL" ticker. Morgan Stanley and Goldman Sachs will underwrite the offering.