Reported about 4 hours ago
SailPoint, a cybersecurity firm, is targeting a valuation of up to $11.5 billion as it prepares for its initial public offering (IPO) in the US. The company, backed by private equity firm Thoma Bravo, plans to offer 50 million shares priced between $19 and $21 to raise up to $1.05 billion. This IPO is seen as a significant indicator of market interest, especially following recent underwhelming IPOs. Founded in 2005, SailPoint specializes in identity and access management software, competing with major players like IBM and Microsoft.
Source: YAHOO