Enterprise identity security service provider SailPoint (SAIL.US) applies for listing in the United States, planning to raise 1 billion US dollars.

SailPoint (SAIL.US), which provides identity management software for businesses, filed for its initial public offering (IPO) with the U.S. Securities and Exchange Commission last Friday, with plans to raise up to $1 billion. SailPoint offers solutions for businesses to achieve comprehensive identity security, serving clients including many of the world's largest and most complex organizations, as well as large enterprises and governments in all major vertical industries. The company provides a range of solutions to meet different needs of clients in various deployment options, including the SaaS cloud solution Identity Security Cloud based on the unified platform Atlas and the customer-hosted identity security solution IdentityIQ. The company, headquartered in Austin, Texas, was founded in 2005 and reported revenue of $824 million for the 12 months ended October 31, 2024. The company plans to list on the NASDAQ under the ticker symbol SAIL. SailPoint filed its application in secret on September 12, 2024. Morgan Stanley and Goldman Sachs Group, Inc. are the joint book-runners for the transaction. The company has not yet disclosed the pricing terms.