SailPoint IPO
Tradingprice, listing and company profile
IPO price$23.00Price range: $21.00 – $23.00
Deal size$1.4B60,000,000 shares
Valuation$12.6BIPO valuation
- IPO filing
- Roadshow
- Pricing
- First trade
- Quiet period
- Lockup
Performance since IPO
Confirmed share price history
No published trading history yet
IPO recap
Confirmed offering terms
SailPoint filed IPO documents on Jan 23, 2025. Confirmed offering terms are shown below.
FiledJan 23
PricingFeb 12
First tradeFeb 13
Lockup ends—
The short version
SailPoint has traded publicly since 2025-02-13. This profile covers the final price, share count, proceeds, business model, operating context and key risks.
Key takeaway 1
SailPoint priced 60 million shares at $23 and closed its IPO on 14 February 2025.
Key takeaway 2
The company returned to public markets with identity security as a cloud-era control layer.
Key takeaway 3
The deal included both primary shares and a small selling-stockholder component.
Company in detail
What happened at the IPO
SailPoint priced its initial public offering at $23.00 per share and began trading on 2025-02-13 on the Nasdaq under SAIL. The final price, base share count and gross size are the confirmed transaction terms; they are separate from later market performance.
The deal included 60,000,000 base shares and an over-allotment option for 9,000,000 additional shares. The company issued 57.5 million shares and selling stockholders sold 2.5 million shares in the IPO.
Company and products
SailPoint is Identity security and governance software for enterprises. Its core offering includes Identity lifecycle, access governance, privileged access and machine-identity controls.
The cloud transition expands the number of identities, applications and machines organizations must govern. The company’s route to scale therefore depends on both product demand and the operating discipline needed to serve that demand.
Capital, ownership and use of proceeds
The registration materials described the capital structure and the distinction between new shares and shares sold by existing holders. Working capital, sales and research investment and general corporate purposes.
The headline gross offering value is not the same as cash retained by the issuer. Underwriting discounts, offering expenses, selling-stockholder proceeds and any concurrent securities must be read separately in the final prospectus.
Financial and operating lens
Identity governance focus: Cloud and enterprise identity security. The company positions identity governance as a control layer across workforce, customer, machine and application identities.
The public-market analysis should connect this operating measure to revenue quality, cash conversion, customer or user retention and the cost of expanding the platform. IPO proceeds can extend the runway, but they do not remove execution risk.
Why this IPO matters
SailPoint returned to public markets after private-equity ownership, making recurring identity-security demand central to the listing.
The main questions after the first trade are whether the company can deliver on its stated growth plan, preserve service quality and turn the IPO story into durable public-company results.
- Renewal, expansion, implementation and security outcomes are the key public-company tests.
Operating metrics
Identity governance focus
Cloud and enterprise identity securityThe company positions identity governance as a control layer across workforce, customer, machine and application identities.
Jan 23, 2025Company profile
- Founded
- 2005
- Legal name
- SailPoint, Inc.
- Listing
- Nasdaq · SAIL
- Headquarters
- Austin, Texas, United States
- Business
- Identity security and governance software for enterprises.
- Products
- Identity lifecycle, access governance, privileged access and machine-identity controls.
- IPO structure
- The company issued 57.5 million shares and selling stockholders sold 2.5 million shares in the IPO.
- Use of proceeds
- Working capital, sales and research investment and general corporate purposes.
- First trade
- 2025-02-13
- Employees
- No published figure
Timeline
- Public registration filed
SailPoint moved from private preparation into a public registration process. Filing terms were preliminary and subject to later pricing.
- IPO priced
SailPoint announced a final price of $23.00 per share for the base offering.
- First trading day
The shares began trading on Nasdaq under SAIL.
- Closing confirmed
The issuer confirmed completion of the offering and the final capital-market structure.
Identity governance focus
Cloud and enterprise identity securityThe company positions identity governance as a control layer across workforce, customer, machine and application identities.
Base shares offered
60,000,000Base deal size at the final price; the over-allotment option is shown separately.
Final IPO price
$23.00per shareFinal public offering price announced on 2025-02-12; this is the offer price, not a current market quote.
Employees
—No published figure
Net income
—No published figure
Operating cash flow
—No published figure
Financials
No complete financial history available
Revenue
Financial history unavailableComparable financial periods will appear here when available.
No comparable financial series
Available dated disclosures are included in the company overview. View disclosures →
Valuation & peers
Price-to-sales, revenue growth and gross margin
Comparable metrics unavailableComparable company figures for the same date are not available.
Revenue growth (%)
| Company | P/S | Growth | GM |
|---|---|---|---|
| SailPoint | — | — | — |
| No published peer comparison | |||
Context: Private financing valuations and modeled market values do not establish an IPO valuation. Revenue run-rate is not used here to calculate a price-to-sales ratio.
Private valuation and funding details
Final IPO price
$23.00 per shareFinal public offering price announced on 2025-02-12; this is the offer price, not a current market quote.
Base shares offered
60,000,000Base deal size at the final price; the over-allotment option is shown separately.
Gross base offering
$1.38BGross base offering value calculated from the disclosed base share count and IPO price; it is not net proceeds.
IpoHub score
How we score—Not rated
Balance sheet—
Growth—
Community—
Profitability—
Valuation—
Individual category scores are not available.
Where the money goes
$1.4BIPO raise
Use of proceeds—
Allocation percentages—
Net proceeds—
See the reported use of IPO proceeds below.
Reported use of proceeds
- use
- Working capital, sales and research investment and general corporate purposes.
- structure
- The company issued 57.5 million shares and selling stockholders sold 2.5 million shares in the IPO.
Key risks
Editorial analysisSecurity reputation
A material breach or product failure can damage trust in a security vendor.
Enterprise cycles
Large identity projects can have long sales and implementation timelines.
Competition
Platform vendors and specialist security companies compete for the same budgets.
Sponsor exit
Selling-stockholder activity can influence supply and governance after the IPO.
Final deal terms
- Ticker
- SAIL
- Exchange
- Nasdaq
- IPO valuation
- $12.6B
- IPO price
- $23.00
- Price range
- $21.00 – $23.00
- Pricing date
- Feb 12, 2025
- First trading day
- Feb 13, 2025
- Shares offered
- 60,000,000
- Deal size
- $1.4B
- Underwriters
- Not confirmed
- Greenshoe shares
- 9,000,000
- Lockup
- Not confirmed
- Quiet period expirations
- Not confirmed
SailPoint IPO: where and how to invest
Where can I invest in the SailPoint IPO?
SailPoint shares have a confirmed trading start on Nasdaq under the ticker SAIL. You can buy through a broker that supports that market and makes the shares available to your account. Check the venue, fees and current quote; the market price can differ from the original IPO offer price.
Can I buy SailPoint shares now?
SailPoint's public trading start is confirmed. Whether you can buy the stock in your account depends on your broker's market access and account rules. A stock-market order buys at available market prices; it is not an IPO allocation at the original offering price.
When is the SailPoint IPO?
SailPoint's confirmed first trading day was Feb 13, 2025. The offering was priced on Feb 12, 2025.
What is the SailPoint IPO share price?
SailPoint's confirmed IPO offer price is $23.00 per share. This is the offering price, not a live stock-market quote.
What is SailPoint's stock ticker and exchange?
The ticker recorded in this profile is SAIL. The exchange recorded here is Nasdaq.
Can I buy SailPoint shares before the IPO?
The SailPoint offering tracked here already has a confirmed trading start. Buying on the stock market now is therefore not a pre-IPO investment. Check the current quote and available share class with your broker.
Where can I find the SailPoint IPO prospectus?
Check SailPoint's official investor-relations announcements and publications from the relevant regulator and exchange. A confidential submission or an announcement about it is not a publicly available prospectus. Before subscribing, read the final prospectus for the risks, price, share class and offering terms.
More questions about the SailPoint IPO
What does SailPoint sell?
SailPoint sells identity security and identity-governance software for enterprises.
What was the IPO price?
The final price was $23 per share.
Was the offering all primary?
No. Existing stockholders sold 2.5 million shares alongside 57.5 million company shares.
What should investors watch?
Subscription growth, retention, expansion, security performance and cash conversion.
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