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SAILPOINT signs its return to the stock market with a target valuation of $ 11.5 billion
SAILPOINT, specialist in cybersecurity and identity management, prepares for his return to the stock market after more than two years under the ownership of the Private Equity Thoma Bravo fund. The company aims to promote up to $ 11.5 billion During its introduction to the Nasdaq under the symbol Sail. This operation, which could raise $ 1.05 billionrepresents the first major test of the technological ippos market in 2025.
Cybersecurity: an opportunity that seduces the markets
The cybersecurity sector benefits from a favorable dynamic, carried by the resurgence of cyber attacks, exacerbated by the growing use of artificial intelligence by malicious actors. The development of this threat stimulates demand for solutions to Management of identities and accessthe area in which Sailpoint is essential in the face of competitors such asIBM, Microsoft, Oracle, Cyberark, Okta and One Identity.
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Like Brushwhose action has more than doubled since its IPO last year, SailPoint could benefit from this craze for cybersecurity. Its customers have leading companies such as Paccar, Nelnet and the British channel ASDA.
A strategic evolution led by Thoma Bravo
Thoma Bravo, who manages about $ 166 billion in assetsknows Sailpoint well. The fund had already acquired it in 2014before leading it to a first IPO in 2017. After giving in his shares in 2018Thoma Bravo bought Sailpoint in 2022 for $ 6.9 billion. Since then, the company has completed its transition to a model 100 % SaaSa transformation that strengthens its attractiveness.
Thoma Bravo will keep approximately 88.5 % of capital After the operation. The funds raised will be partly used for Repay the debt.
