SailPoint CEO talks company's IPO, regulation under Trump
SailPoint Technologies (SAIL) will debut on the Nasdaq via an IPO (Initial Public Offering) on Thursday, raising $1.38 billion after pricing shares at $23. The cybersecurity company was initially acquired by private equity firm in 2014, before exiting its stake in 2018 and then re-acquiring SailPoint in 2022. SailPoint Founder and CEO Mark McClain sits down with Yahoo Finance executive editor Brian Sozzi at the New York Stock Exchange (NYSE) to discuss the company's experience in going public for the second time in its history. "What the market seems to be hungry for today is what we call... growth at scale with profitability, right? If you've built a pretty large business, you're able to grow that business and do so profitably," McClain tells Yahoo Finance. "That's kind of the magic combo of today. And we were that profile." McClain outlines SailPoint's utilization of AI to protect enterprise customers' data, what he's learned from his company's previous IPO, and his expectations for the Trump administration's regulatory practices: "We learned to just incorporate the regulatory environment as part of the cost of doing business in the public realm. And as you say, I think we're all watching this unfold with our with our friend Mr. [Elon] Musk and DOGE [Department of Government Efficiency] and all of that. But there's generally a sense that we're going to move to a less regulatory-oriented administration now." To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.
