Cybersecurity company SailPoint Technologies (SAIL) is set to begin trading on the Nasdaq (^IXIC) on Thursday after pricing its IPO (Initial Public Offering) at $23 per share, raising $1.38 billion.
SailPoint, acquired by Thoma Bravo in 2014 and previously listed on the New York Stock Exchange, now shifts focus toward tech with artificial intelligence-driven services.
The move comes amid an improving IPO market, with investors eager to see if SailPoint’s performance can spark future IPO activity in 2025. SailPoint CEO Mark McClain will discuss the company’s public offering with Yahoo Finance Executive Editor Brian Sozzi later this morning.
Watch the video above to hear Madison Mills and Josh Schafer discuss SailPoint’s IPO.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
https://finance.yahoo.com/videos/series/catalysts/
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