The Latest SaaS IPO is a Re-IPO. Expect More of Them

So one other SaaS firm, SailPoint, a nicely know cybersecurity chief, simply IPO’d.  Why wasn’t there extra buzz?  It’s one:

• $813m in ARR
• Rising 25%+ (financials are a bit advanced)
• 114% NRR
• Very worthwhile (Rule of “44”)
• With the founder nonetheless CEO after 20 years!!

It didn’t get the excitement I feel primarily as a result of it’s a “Re-IPO”.  Sailpoint first went public in 2017, then Thamo Bravo took them personal in 2022, and now public once more in 2025!

Extra on SailPoint right here;

It’s an excellent one, they only IPO’d — actually solely the fifth SaaS IPO since 2021 — so it ought to have gotten extra consideration.  But it surely’s simply not new.

There might be much more of those IPOs within the coming 24 months.  High SaaS ocmpanies that have been taken personal by prime Personal Fairness corporations, that may IPO once more.  Many intention to take action inside 36 months if attainable.  Only a partial checklist of SaaS leaders that may quickly be seeking to IPO … once more:

• Zendesk
• Anaplan
• Smartsheet
• Squarespace
• Zuora
• Darktrace
• Instructure
• Alteryx
• Mannequin N
• Avalara
• Coupa
• Qualtrics

Simply to call just a few that went personal prior to now few years.

Web web, there are much more SaaS and B2B IPOs coming in 2025-2027 than most people understand.  As a result of it’s not simply new names.  It’s additionally dozens of SaaS corporations that went personal and can IPO once more … a second time.

We additionally have a tendency to speak rather a lot much less concerning the unicorns that Personal Fairness purchased.  These too, might be searching for an IPO within the coming 24 months, if they’re prepared.  They too get a bit much less consideration.

A associated submit right here: