Thoma Bravo’s SailPoint Picks Morgan Stanley, Goldman for IPO

SailPoint Technologies Inc., an enterprise security software firm owned by Thoma Bravo, has selected Morgan Stanley and Goldman Sachs Group Inc. to lead its planned initial public offering, according to people familiar with the matter.

The company is planning to go public in the first six months of 2025, the people said, asking not to be identified because the information is private.

Preparations are ongoing and more banks could be added to the share sale, the people said. Representatives for Thoma Bravo, Morgan Stanley andGoldman Sachs declined to comment. A spokesperson for SailPoint didn’t immediately respond to ...