Thoma Bravo-backed SailPoint goes public


SailPoint Technologies Holdings, a portfolio company of Thoma Bravo, has raised $240 million for its IPO after pricing its 20 million shares at $12 per share. The stock began trading November 17, 2017 on the New York Stock Exchange under the ticker symbol “SAIL.” Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Jefferies LLC and RBC Capital Markets LLC are the lead underwriters. Based in Austin, Texas, SailPoint is a provider of on-premises and SaaS-based identity and access management solutions.

PRESS RELEASE

AUSTIN, Texas–(BUSINESS WIRE)–SailPoint Technologies Holdings, Inc. (“SailPoint”) today announced the pricing of its initial public offering of 20,000,000 shares of its common stock at a public offering price of $12.00 per share. SailPoint is issuing and selling 14,300,000 shares of common stock and the selling stockholders are selling an additional 5,700,000 shares of common stock. SailPoint and certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares and 1,500,000 shares of common stock, respectively, to cover over-allotments, if any. The shares are expected to begin trading on the New York Stock Exchange on November 17, 2017, under the symbol “SAIL,” and the offering is expected to close on November 21, 2017, subject to customary closing conditions.

Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Jefferies LLC, and RBC Capital Markets LLC are acting as book-running managers for the offering. KeyBanc Capital Markets Inc., Canaccord Genuity Inc., and Oppenheimer & Co. Inc. are acting as co-managers.

The offering is being made only by means of a prospectus. A copy of the final prospectus relating to this offering, when available, may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or Citigroup Global Markets Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling (800) 831-9146; or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Ave, 12th Floor, New York, NY 10022, Telephone: 877-547-6340, Email: [email protected]; or RBC Capital Markets, LLC, Attention Equity Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, or by telephone at (877) 822-4089 or by email at [email protected]

A registration statement relating to these securities has been filed, and declared effective by, the United States Securities and Exchange Commission (the “SEC”). Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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