SailPoint Parent, LP (SAIL) to Raise $1 Billion in IPO

SailPoint Parent, LP (SAIL) is planning to raise $1 billion in an IPO on Thursday, February 13th, IPO Scoop reports. The company plans to issue 50,000,000 shares at a price of $19.00-$21.00 per share.

In the last year, SailPoint Parent, LP generated $824.2 million in revenue and had a net loss of $323 million. The company has a market-cap of $10.9 billion.

Morgan Stanley, Goldman Sachs, J.P.Morgan, Evercore ISI, BofA Securities, Barclays, Jeffries, RBC Capital Markets, BMO Capital Markets, BTIG, Mizuho, Piper Sandler, TD Cowen and Truist Securities acted as the underwriters for the IPO and Netrex Capital Markets, Academy Securities, CastleOak Securities, Penserra Securities and R. Seelaus & Co. were co-managers.

SailPoint Parent, LP provided the following description of their company for its IPO: “We provide enterprises with customized identity security software. (Incorporated in Delaware) We offer a range of solutions to meet the varied needs of our customers across multiple deployment options, including Identity Security Cloud, our SaaS-based cloud solution built on our unified platform, Atlas, and IdentityIQ, our customer-hosted identity security solution. These solutions are designed to enable our customers to make more effective decisions regarding access, improve security processes, and provide them with a deeper understanding of identity and access. Note: Net loss and revenue are for the 12 months that ended Oct. 31, 2024. (Note: SailPont disclosed its IPO’s terms on Feb. 4, 2025, in an S-1/A filing: 50.0 million shares at a price range of $19.00 to $21.00 to raise $1.0 billion ($1,000.0 million) – if the IPO is priced at the $20.0 mid-point of its range. Of the 50.0 million shares in the IPO, SailPoint is offering 47.5 million shares, while the selling stockholders are offering 2.5 million shares.) (Note: SailPoint filed its S-1 to go public on Jan. 17, 2025, without disclosing the terms for its IPO. Estimated IPO proceeds are $100 million, a placeholder figure, but some on Wall Street believe that this IPO could raise between $750 million and $1 billion. Background: SailPoint filed confidential IPO documents with the SEC on Sept. 12, 2024.) “.

SailPoint Parent, LP was founded in 2005 and has 2645 employees. The company is located at 11120 Four Points Drive, Suite 100 Austin, TX 78726 (512) 346-2000 and can be reached via phone at (512) 346-2000 or on the web at https://www.sailpoint.com/.