SailPoint Parent, LP

General Information
Business:

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: SailPoint upsized its IPO at pricing to 60.0 million shares – up from 50.0 million shares – and priced the IPO at $23.00 – the top of its recently increased price range – to raise $1.38 billion on Wednesday night, Feb. 12, 2025. Of the 60.0 million shares, 57.5 million shares were issued and offered by SailPoint, while 2.5 million shares were offered by the selling stockholders.)

(Note: SailPoint increased its IPO’s price range to $21.00 to $23.00 – up from the original range of $19.00 to $21.00 – and kept the IPO’s size at 50.0 million shares – the same number of shares in the original filing – to raise $1.1 billion, if the IPO is priced at the $22.00 mid-point of the new range, in an S-1/A filing dated Feb. 11, 2025.)

(Note: SailPoint 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.)

Industry: SERVICES - PRE-PACKAGED SOFTWARE
Employees: 2645
Founded: 2005
Contact Information
Address 11120 Four Points Drive, Suite 100 Austin, TX 78726 (512) 346-2000
Phone Number (512) 346-2000
Web Address https://www.sailpoint.com/
View Prospectus: SailPoint Parent, LP
Financial Information
Market Cap $12800.88mil
Revenues $824.2 mil (last 12 months)
Net Income $-322.99 mil (last 12 months)
IPO Profile
Symbol SAIL
Exchange NASDAQ
Shares (millions): 60.0
Price range $23.00 - $23.00
Est. $ Volume $1380.0 mil
Manager / Joint Managers Morgan Stanley/Goldman Sachs/J.P.Morgan/Evercore ISI/BofA Securities/Barclays/Jefferies/RBC Capital Markets/BMO Capital Markets/BTIG/Mizuho/Piper Sandler/TD Cowen/Truist Securities
CO-Managers Netrex Capital Markets/Academy Securities/CastleOak Securities/Penserra Securities/R. Seelaus & Co.
Expected To Trade: 2/13/2025
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change