SailPoint IPO aims for $11.5B valuation, highlighting growing demand for cybersecurity solutions.

From Nasdaq: 2025-02-04 11:13:21

Cybersecurity firm SailPoint is gearing up for an IPO aiming for a valuation of up to $11.5 billion, with plans to raise $1.05 billion through the offering of 50 million shares. The move highlights the growing demand for identity and access management solutions in the cybersecurity space.

Backed by Thoma Bravo, SailPoint’s IPO is expected to set a new benchmark for cybersecurity valuations, with investor interest fueled by commitments from top asset managers. The company’s role in mitigating data breaches and its strategic acquisitions position it as a key player in the cybersecurity market.

SailPoint’s IPO, led by Morgan Stanley and Goldman Sachs, is seen as a test for tech valuations in a recovering market. With cornerstone investors eyeing a significant stake, the offering could reshape market expectations for future cybersecurity listings. The company’s transition to a SaaS model and strong ARR growth are key factors driving investor confidence.



Read more at Nasdaq: SailPoint (SAIL) IPO Targets $11.5B Valuation