OKTA SAILPONT Races is about $ 11.5 billion in public subscription

SailPoint Corporation for the SailPoint Company is hoping to advertise – again. This time, the company plans to sell a billion dollars of shares and has a rating of $ 11.5 billion in the planned public subscription.

This is how mathematics work to submit the proposal Declare Tuesday from 47.5 million shares, between $ 19 and $ 21. The owner of SailPoint, Thoma Bravo, plans to sell 2.5 million shares.

SailPoint provides identity management tools, which are a A competitor for 16 billion dollars in the market Octa.

This is not the first time for SailPoint as a public company. He was publicly traded until Thoma Bravo SailPoint Private took over in 2022, where he evaluated it at $ 6.9 billion at the time. The private stock giant will have more than 87 % of the company after the public subscription.

Company He said in the S-1 file It is on the right path for annual repeated annual revenues of $ 813, as of October. SailPoint reported a slightly more than $ 395 million net losses over about $ 700 million of revenue from January 2024; The company said it has more than a billion dollars of debt, with its public budget that shows the debts of $ 1.5 billion. SailPoint said it would use revenues to treat its debts, as well as boxes.

Given the financial development of SailPoint owners, the stock may be very good above this range and can easily overcome it to cash and evaluation.

Founder Mark McLean, who remained the position of CEO after Thoma Bravo’s acquisition of the company, still has a relatively small share of more than 3.6 million shares.

“Many of the founding executives find themselves in a situation that allows them to present their company to the public market for the second time, but I am grateful to be able to do so specifically,” he said in his book. Message of a bulletin.

Since SailPoint is not a startup, this public subscription, which can happen next week, will not be a blessing for any adventurous capital. But the success of the show will be watched closely. VCS and startups are still reading tea leaves in timing to bring them Many startups ready for public subscription. If retail investors in stocks, this will be another sign that the year 2025 may be a good year to open not just a window, but also a door.

Then again, even if the investors are hungry for this public subscription, other factors may slow down other offers.

Wall Street has grown a lot On the Trump administration plans to start the trade war in North America, although these plans are now postponed for at least a month. If policy events continue to shake the markets, startups in the field of technology may continue to stay under the cover.