SailPoint's IPO aims to raise funds for debt repayment, equity settlements, advisory fees and general corporate purposes, with major financial institutions managing the

Despite reporting a sharp decline in net profit due to increased expenses, the stock found some buying interest as revenue continued to show growth.Q3FY25 Earnings OverviewSAIL reported a consolidated net profit of ₹141.

Texas-based cybersecurity company SailPoint (SAIL) priced its upsized IPO of 60M shares at a public offering price of $23.00 per share.

That included 57.5 million shares of common stock to be issued and sold by SailPoint and 2.5 million shares of common stock to be sold by existing stockholders. The company also gave its underwriters a 30-day option to purchase up to an additional 9 million shares of common stock at the IPO price.