SailPoint targets $1 billion IPO to reach $11.5 billion valuation

SailPoint, a cybersecurity company, plans to go public again with an IPO aiming to raise $1 billion and achieve an $11.5 billion valuation. The offering includes 47.5 million shares priced between $19 and $21. Previously, SailPoint was publicly traded until it was taken private by Thoma Bravo in 2022. The company reported annual net losses of over $395 million and has more than $1 billion in debt. The IPO could signal a resurgence in public offerings for tech companies. However, market conditions and external factors may still impact the timing and success of future IPOs.