SailPoint IPO Is Said to Be 20 Times Oversubscribed
February 13, 2025
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5:23Now PlayingSailPoint IPO Is Said to Be 20 Times Oversubscribed
YouTube Description
as posted by the channelSailPoint Inc. and its shareholders raised $1.38 billion in an initial public offering, pricing shares at $23 each. The company had a net loss of $236 million on revenue of $621 million for the nine months ended October 31, compared to a net loss of $308 million on revenue of $497 million last year. SailPoint's shares are set to begin trading on the Nasdaq Global Select Market under the symbol SAIL, with the US market for IPOs having raised $6.5 billion in 2025.
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