SAILPOINT is returning to the Cyber ​​Security Company to the market as the first main public subscription for technology in the year

Cyber ​​security play dates back to public markets.

SailPoint (sailIt is about to start trading on the Nasdak Stock Exchange on Thursday. The company has priced its first year (IPO) at the top of its target range from 21 to 23 dollars, raising $ 1.38 billion of revenues.

The company before the public subscription amounted to 12.6 billion dollars. The closest competitor, Octa (OctaEstimated at $ 16.8 billion.

“It seems that the market is hungry today for what we call growing widely with profitability. If you have built a very large work, you are able to develop this work and do so profitable, this is a kind of liberation and magic narration today. We were this profile. Yahoo financing (The above video).

Identity Management Technology Company is not alien to public markets.

Thoma Bravo performed the audience on November 18, 2017, at the same time as a semi -Casseta competitor appeared.

On the first day of trading, the stock ended with 8.3 % at $ 13. The company had priced the public subscription and then at $ 12 per share.

Podcast: Inside the future of technology with Gates from Microsoft’s Bill Gates

At that time, SailPoint described sales of $ 118.3 million and a growth of 34 % in nine months before the public subscription. She had a net loss of $ 13 million.

Thoma Bravo took the private company in 2022 for $ 6.9 billion or $ 65.25 per share.

Today, SailPoint is a more operating and financially mature company-although it produces losses despite the transformation into a software model as a service.

For the year ending on January 31, 2025, the company in the bulletin was estimated that it would earn 875 million dollars to 877 million dollars of repeated annual revenues. This will be about 41 % on an annual basis.

SailPoint did not reveal its financial instructions.

During the nine months ending October 31, 2024, the total loss of SailPoint was 235.8 million dollars, better than the loss of $ 308 million in the previous year. Malikin says that the company is profitable on the basis of other than the principles of accountable accounting in general.

SailPoint will be defined as a controlled company now after it has become public. Thoma Bravo is expected to own 88 % of SailPoint Post-IPO, and it will have a final opinion on the decisions at the level of the Board of Directors. He will also be able to nominate members to the SailPoint board.

SAILPOINT is the first major test of the TECH public subscription market in 2025, which is expected to see known names like Stripe is likely to be for the first time in the role of companies against a more friendly organizational background during the era of President Trump.

Renaissance Macro expects a “remarkable” year for subscription subscriptions this year, with a range of 155 to 195 companies coming to the market. They can collect combined from $ 40 billion to $ 55 billion in financing.

The story continues