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With SailPoint going public again, these 27 LBO'd software names could "re-IPO"

February 7, 2025

In the coming week, SailPoint (SAIL) plans to return to public markets in the first major tech IPO of the year. The enterprise security provider was originally brought public by Thoma Bravo in 2017, then re-acquired by the PE firm in 2022. It is one of many software IPOs from the past decade that are now potential "re-IPOs" following private equity buyouts.

SailPoint's April 2022 buyout at $65.25 per share (vs. $12 IPO price) valued the company at...

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