Monday, November 6, 2017

SailPoint Sets Estimated IPO Pricing Range

Austin-based SailPoint Technologies has set its estimated IPO range, saying this morning in an updated S-1 filing that it expects to offer up 20,000 shares of its common stock at between $9.00 and $11.00 per share. The company has applied to list as SAIL on the New York Stock Exchange. The IPO is being underwritten by Morgan Stanley & Co., Citigroup Global Markets, Jefferies, RBC Capital Markets, along with Keybanc Capital Markets Inc., Canaccord Genuity Inc., and Oppenheimer & Co. The company is backed by private equity investor Thoma Bravo. SailPoint develops identity management software, used for managing user authentication and login into corporate systems.