Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

A highly collaborative investment professional and research analyst with 10+ years of international experience in equity research, treasury operations, and trading positions across multiple asset classes at leading multinational banks Citibank and Morgan Stanley, UHNWI-backed family office and European independent equity research firm. A respectable background in equity capital markets, corporate treasury, investment banking operations, equity research analysis and portfolio management.

SailPoint, Inc. (SAIL) Six Month Summary: A Textbook Case of an IPO Overreach

SailPoint (SAIL): Sets Course to US Indices for March and June 2025

SailPoint IPO (SAIL.US): Pricing and First Trading-Day, No IPO Pop In $1B+ Nasdaq Debut

SailPoint IPO Valuation Update: Modest Upside, Only ~$690M Will Be Used To Repay a Portion Of Debt

Equity Bottom-Up

Sailpoint Technologies Holdings / Equity Bottom-Up

Sailpoint Technologies Holdings (SAIL US)

<ul>
<li>SailPoint, a pioneer of enterprise identity governance market with industry leadership position, returned to the public markets in 2025.</li>
<li>American technology company has raised ~$1.4B in US IPO and paid down all outstanding debt in 1Q FY26, according to Brian Carolan, CFO of SailPoint, Inc.</li>
<li>The company reported mixed 4Q FY25 results with ~78% y/y increase in customers with ARR˃$1M and a bullish tone on AI agent identity management.</li>
</ul>


SailPoint, a pioneer of enterprise identity governance market with industry leadership position, returned to the public markets in 2025.
American technology company has raised ~$1.4B in US IPO and paid down all outstanding debt in 1Q FY26, according to Brian Carolan, CFO of SailPoint, Inc.
The company reported mixed 4Q FY25 results with ~78% y/y increase in customers with ARR˃$1M and a bullish tone on AI agent identity management.


セイルポイント社（SAIL.US）：全体的な成長は鈍化しているが、FCFは26年度にプラスに転じる見込み