Market Updates

SailPoint Jumps 29% on $6.9 Billion Buyout Offer

Bridgette Randall
11 Apr, 2022
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.

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