AUSTIN, Texas, February 13, 2025— ( ) –SailPoint, Inc. (” SailPoint” ), a leader in unified identity security for enterprises, today announced the pricing of its upsized initial public offering of 60, 000, 000 shares of its common stock at a public offering price of$ 23.00 per share. The offering consists of 57, 500, 000 shares of common stock to be issued and sold by SailPoint and 2, 500, 000 shares of common stock to be sold by particular existing owners. In addition, SailPoint has granted the insurer a 30-day option to purchase up to an extra 9, 000, 000 shares of common stock at the initial public offering price, less insurance deals and profits.
The offering is anticipated to close on February 14, 2025, subject to customary closing conditions, and the shares are scheduled to begin trading on Nasdaq Global Select Market on February 13, 2025 under the ticker symbol” SAIL.”
SailPoint intends to use the net proceeds from this offering to pay off a part of its phrase loan, settle excellent equity awards and equity appreciation rights, pay excellent fees under the Thoma Bravo consulting services agreement, and use them for general business purposes. The price of the shares that the marketing stockholders have offered will not be paid for by SailPoint.
Morgan Stanley and Goldman Sachs &, Co. LLC are acting as shared result book-running directors for the offering. J. P. Morgan and Evercore ISI are acting as book-running professionals. BofA Securities, Barclays, Jefferies, RBC Capital Markets, BMO Capital Markets, BTIG, Mizuho, Piper Sandler, TD Cowen and Truist Securities are likewise acting as bookrunners. Netrex Capital Markets, Academy Securities, CastleOak Securities, L. P., Penserra Securities LLC and R. Seelaus &, Co., LLC are acting as co-managers.
The providing is being made simply by means of a proposal. Copies of the final prospectus related to this offering, when available, may be obtained from: Morgan Stanley &, Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014 or by emailing prospectus@morganstanley .com, or Goldman Sachs &, Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone: 1-866-471-2526 or by email at Prospectus-ny@ny .email. gamma .com.
The U.S. Securities and Exchange Commission has received a subscription declaration relating to these securities and has taken effect. This press release does not constitute an offer to sell or the request of an offer to purchase any securities, nor shall there be any for sale in any state or jurisdiction where such offer, solicitation or sale would be immoral without registration or qualification under the securities laws of such state or jurisdiction. Any sales of securities or offers to buy them will be made in accordance with the Securities Act of 1933, as amended, registration requirements.
Forward-Looking Statements
This press release contains “forward-looking statements”, including statements regarding SailPoint’s initial public offering. In some cases, you can identify forward-looking statements because they contain words such as “may”, “will”, “expects”, “plans”, “anticipates”,” could”, “would”, “intends”, “believes”, or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. These statements are based on management’s current expectations, assumptions, and beliefs concerning future developments, which are inherently subject to uncertainties, risks, and changes in circumstances that are difficult to predict. Therefore, we cannot assure you that the events reflected in the forward-looking statements will occur, and actual events could differ materially from those described in the forward-looking statements. Any forward-looking statement speaks only as of the date as of which such statement is made, and except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise.
About SailPoint
SailPoint empowers the modern enterprise to quickly and effectively manage and secure access to applications and data using identity. As a market leader, we constantly rethink identity security as the foundation of the secure enterprise. SailPoint delivers a unified, intelligent, extensible platform built to defend against today’s dynamic, identity-centric cyber threats while enhancing productivity and efficiency. SailPoint helps many of the world’s most complex, sophisticated enterprises create a secure technology ecosystem that fuels business transformation.
View source version on businesswire .com: https ://www.businesswire .com/news/home/20250212559689/en/
Contacts
Media Relations for SailPoint
Samantha Person
Senior Manager, Corporate Communications
512-923-4053