SailPoint, a leading Identity Security software company, reentered the stock market with a bang last night, selling shares worth $1.38 billion. Previously listed in the New York stock market, SailPoint was acquired by the major investment firm Thoma Bravo, delisted in 2022 in a $6.9 billion deal. This return to the stock market signifies a higher business value for SailPoint, driven by increased demand for security solutions.
Other tech companies preparing for IPOs include Cerebras, a chip manufacturing company, Klarna, a Buy Now Pay Later (BNPL) platform, and Genesys, an AI software company.
Source: Reuters
TLDR: SailPoint reenters the stock market with a $1.38 billion IPO after being acquired by Thoma Bravo in a $6.9 billion deal in 2022. Other tech companies like Cerebras, Klarna, and Genesys are also gearing up for IPOs.
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