SailPoint Jumps 29% on $6.9 Billion Buyout Offer
- Bridgette Randall
- U.S.A. New York City
SailPoint Technologies soared 30% after the company agreed to be acquired by private equity firm Thoma Bravo for $6.9 billion or $65.25 a share. The cyber security and identity management firm has doubled its revenues in the last five years with mounting losses. SailPoint listed its stock for $12 a share in a public offering on Nov 17, 2017 and raised $240 million according to 123jump data.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| SailPoint Technologies Holdings Inc. | SAIL | 0% | 0% | 35% |