The shares are listed on the Nasdaq Global Select Market

Davis Polk advised the representatives of the several underwriters in connection with the upsized $1.4 billion initial public offering of 60,000,000 shares of common stock of SailPoint, Inc., of which 57,500,000 shares were issued and sold by the company and 2,500,000 shares were sold by the selling stockholders. The underwriters have a 30-day option to purchase up to an additional 9,000,000 shares. The common stock is listed on the Nasdaq Global Select Market under the ticker symbol “SAIL.”

Based in Austin, Texas, SailPoint is a leader in unified identity security for enterprises. It delivers a unified, intelligent, extensible platform built to defend against today’s dynamic, identity-centric cyber threats while enhancing productivity and efficiency. SailPoint helps many of the world’s most complex, sophisticated enterprises create a secure technology ecosystem that fuels business transformation.

The Davis Polk capital markets team included partners Nicole Brookshire and Roshni Banker Cariello and associates Claudia Carvajal Lopez and Hope Goimarac. Partners Lucy W. Farr and Kara L. Mungovan and associate Omar Hersi provided tax advice. Partner Matthew J. Bacal and associates Joshua Shirley and Anne Kim provided intellectual property advice. All members of the Davis Polk team are based in the New York office.

 

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