(Reuters) -Thoma Bravo-owned cybersecurity company SailPoint on Friday revealed a narrower nine-month loss in its paperwork for a U.S. initial public offering.
The private equity firm bought SailPoint for $6.12 billion in 2022, taking it off public markets roughly five years after the company listed in the U.S.
Upbeat equity markets, falling interest rates and hopes of a friendlier market environment for deals under the incoming Trump administration have rejuvenated the U.S. IPO market.
The Austin, Texas-based firm reported a loss from operations of $158.5 million for the nine months ended Oct. 31, 2024, compared with a loss of $267.5 million in the year-ago period.
SailPoint will list its shares on the Nasdaq Global market under the ticker symbol “SAIL”.
Morgan Stanley and Goldman Sachs are underwriters to the IPO.
(Reporting by Pritam Biswas in Bengaluru; Editing by Shailesh Kuber)
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