SailPoint Parent, LP

General Information
Business:

We provide enterprises with customized identity security software. (Incorporated in Delaware)

We offer a range of solutions to meet the varied needs of our customers across multiple deployment options, including Identity Security Cloud, our SaaS-based cloud solution built on our unified platform, Atlas, and IdentityIQ, our customer-hosted identity security solution. These solutions are designed to enable our customers to make more effective decisions regarding access, improve security processes, and provide them with a deeper understanding of identity and access.

Note: Net loss and revenue are for the 12 months that ended Oct. 31, 2024.

(Note: SailPont disclosed its IPO’s terms on Feb. 4, 2025, in an S-1/A filing: 50.0 million shares at a price range of $19.00 to $21.00 to raise $1.0 billion ($1,000.0 million) – if the IPO is priced at the $20.0 mid-point of its range. Of the 50.0 million shares in the IPO, SailPoint is offering 47.5 million shares, while the selling stockholders are offering 2.5 million shares.)

(Note: SailPoint filed its S-1 to go public on Jan. 17, 2025, without disclosing the terms for its IPO. Estimated IPO proceeds are $100 million, a placeholder figure, but some on Wall Street believe that this IPO could raise between $750 million and $1 billion. Background: SailPoint filed confidential IPO documents with the SEC on Sept. 12, 2024.)

Industry: SERVICES - PRE-PACKAGED SOFTWARE
Employees: 2645
Founded: 2005
Contact Information
Address 11120 Four Points Drive, Suite 100 Austin, TX 78726 (512) 346-2000
Phone Number (512) 346-2000
Web Address https://www.sailpoint.com/
View Prospectus: SailPoint Parent, LP
Financial Information
Market Cap $10931.2mil
Revenues $824.2 mil (last 12 months)
Net Income $-322.99 mil (last 12 months)
IPO Profile
Symbol SAIL
Exchange NASDAQ
Shares (millions): 50.0
Price range $19.00 - $21.00
Est. $ Volume $1000.0 mil
Manager / Joint Managers Morgan Stanley/Goldman Sachs/J.P.Morgan/Evercore ISI/BofA Securities/Barclays/Jeffries/RBC Capital Markets/BMO Capital Markets/BTIG/Mizuho/Piper Sandler/TD Cowen/Truist Securities
CO-Managers Netrex Capital Markets/Academy Securities/CastleOak Securities/Penserra Securities/R. Seelaus & Co.
Expected To Trade: 2/13/2025
Day: Thursday
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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