SailPoint Inc Raises 138 Billion in Public Offering
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SailPoint Inc raised 1.38 billion in an IPO, selling 60 million shares at 23 each after adjusting the price range recently.
SailPoint Inc. and a group of shareholders, including its main backer Thoma Bravo, successfully raised $1.38 billion in an upsized initial public offering (IPO) for the enterprise security software company. According to sources familiar with the matter, the pricing of shares reached the top of the marketed range.
Based in Austin, the company along with the sellers sold 60 million shares on Thursday at a price of $23 each, following the marketing of 50 million shares with a price range of $21 to $23 per share. This adjustment came after SailPoint raised the price range earlier on Tuesday from $19 to $21 per share.
