Tech Company Inital Public Offerings
SailPoint Technologies IPO
SailPoint Technologies, operating out of Austin, had an IPO event on 11/16/2017.
Transaction Overview
Company Name
Announced On
11/16/2017
Transaction Type
IPO
Amount
$240,000,000
Proceeds Purpose
e intend to use our net proceeds from this offering for general corporate purposes, including working capital, operating expenses, capital expenditures and funding our growth strategies discussed in this prospectus (which include driving new customer growth within existing geographic markets, penetrating our existing customer base and expanding our global presence and continuing to invest in our products and platform), to repay $90.0 million of the borrowings outstanding under our term loan facility and to pay a related prepayment premium of approximately $1.4 million. Our credit facility is expected to be amended in connection with the consummation of this offering, and such amendment will require that we use a portion of our net proceeds from this offering to repay an amount of borrowings outstanding under our term loan facility to reduce the aggregate outstanding principal amount thereof to $70.0 million (which repayment will be subject to a prepayment premium of 1.50%). We may also
Company Information
Company Status
Publicly-held
Industry
Security
Mailing Address
11305 Four Points Dr. Building 2 100
Austin, TX 78726
USA
Austin, TX 78726
USA
Phone
Website
Email Address
Overview
At SailPoint (NYSE: SAIL), we're developing next-generation enterprise software that takes identity management to the next level.
Management Team
Title
Name
Email & Social
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We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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