Thoma Bravo-Backed SailPoint’s Boosted IPO Targets $1.15 Billion
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SailPoint Inc. and its shareholders, including main backer Thoma Bravo, lifted their price range for the security software company’s initial public offering, seeking to raise as much as $1.15 billion.
The Austin-based firm’s stock is being marketed to investors at a price range of $21 to $23 per share, up from the prior range of $19 to $21 apiece, according to a company filing on Tuesday. The company and its backers are offering 50 million shares in the deal.