other material
confidence high
sentiment positive
materiality 0.90
SailPoint completes 60M share IPO at $23; closes Feb 14, 2025
SailPoint, Inc.
- Offered 57.5M shares by company + 2.5M by selling stockholders at $23.00/share; underwriters have 30-day option for 9M more.
- Converted from Delaware LP to corporation; filed certificate of incorporation and bylaws effective Feb 12, 2025.
- Entered Director Designation Agreement with Thoma Bravo granting board seats based on ownership thresholds.
- Adopted Omnibus Incentive Plan and Employee Stock Purchase Plan in connection with IPO.
- Entered indemnification agreements with all directors and executive officers.