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SailPoint's IPO Disappointment

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17 hours ago

Summary

SailPoint's IPO prices below expectations; raises $1.3 billion; market capitalization at $13 billion; IPO window remains uncertain.

Key Points

SailPoint priced its initial public offering (IPO) at $23 per share, lower than expected.
The company raised over $1.3 billion in the IPO and has a market capitalization of around $13 billion.
Experts believe the IPO window remains uncertain, with investors exercising caution.

Why It Matters

SailPoint's disappointing IPO signals that the tech IPO market may not be as hot as previously thought, making it challenging for late-stage startups to go public.

Author

Julie Bort

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