On January 17, Thoma Bravo-owned cybersecurity company SailPoint disclosed a reduced nine-month loss in its U.S. initial public offering filing. Thoma Bravo acquired SailPoint for $6.12 billion in 2022, privatising it about five years post its U.S. market debut.
The firm, headquartered in Austin, Texas, stated an operational loss of $158.5 million for the nine months concluding on October 31, 2024, a decrease from $267.5 million in the prior year's equivalent period.
SailPoint will trade its shares on the Nasdaq Global Market using the ticker symbol "SAIL". Leading the IPO as underwriters are Morgan Stanley and Goldman Sachs.