SailPoint Technologies, SendGrid Deliver Strong IPO Performances [Investor's Business Daily]
SENDGRID INC (SEND)
Last sendgrid inc earnings: 11/6 04:15 pm
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Source: Investors Business Daily
Technology SailPoint Technologies ( SAIL ) raised $240 million in an initial public offering that priced late Thursday, and shares took flight on the first day of trading Friday. X Autoplay: On | Off Founded in 2005, SailPoint Technologies says they've developed a new category of identity management solutions, offering a platform that provides organizations with a better view into who currently has access to which resources and how that access is being used. SailPoint priced 20 million shares at 12, above the estimated range of 9 to 11. Shares opened at 14.90, for a 24% gain. During afternoon trading, SailPoint shares were up 14%, near 13.70 during afternoon trading in the stock market today , "Our open identity platform provides a critical line of defense at the heart of modern cybersecurity strategies, and is growing in importance each day as enterprises embrace new technologies and build large, complex IT environments," SailPoint Chief Executive Mark McClain said in prepa
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