we were actually owned by thoma bravo.ic in 2017 and then were public for almost five years, went private with thoma bravo. again, a fairly unusual story actually. and so the investor community has seen thoma bravo handle that and be very thoughtful about how to unload some of that equity into the market that that time they actually completely exited. i think the sense is they'll come down from a control position, but probably be a long term owner. but there's a great deal of equity to be sold into the markets in the coming years. and investors are, i think, pretty excited about that. >> mark, you're right. you're in rarefied air in terms of the number of people who have taken the company public more than once. i do wonder, though, we spent a lot of time talking about private markets and how it's led to, some argue, less urgency to be public at all. why you felt this was a good move, and how you would characterize the overall window right now? >> yeah, it's a great question. we're very privileged to be one of the first tec

since thoma bravo's takeover. >> sailpoint has really. >> doubled its recurring revenue. >> to. >> overnd that's. >> because you've seen. >> strength in the competitive cybersecurity space. >> it's there's. >> stricter data privacy regulations, there's a surge in global cyber attacks. and fortunately and the rise of ai driven security threats. so this company also serves some major clients, gm and hershey's. and there's over, what, 30 employees upstairs about to sip on the champagne that's been sitting idly for the past few hours before they went public. >> i'm not breaking out the champagne until i get an ipo that pops 20%. i don't know how much longer we're going to have to wait. christina. well, everybody. >> is saying that this is the year, right? the return of some of the ipos. i don't know if we're going to see a 20% pop just based off of the initial movement in this stock. there were about 1.6 million buyers, i should say, on the sidelines waiting all morning for the stock to go out. so there is some buyers, but you can see in the reaction right now below 23 bucks. >> listen, a l

so if you see someone like thoma bravo making $4 billion on a listing, at least.y didn't sell in the ipo, that can kind of help turn that flywheel back on for others to maybe want to do the same, right. >> on the other hand, i. >> mean. >> we've. >> talked about. this before. i mean, the initial. >> phase. >> it's like the. deals that the sellers want to. >> get out. >> there. >> as opposed to. >> some venture. >> backed company hitting its perfect stride, getting on. >> an exciting theme the. market's clamoring for. that will be the. >> real test of whether we're going to have an exuberant. >> ipo market. >> let's say, come spring. >> yeah. >> we haven't really seen any. >> of those deals come yet. >> we're still waiting, still waiting. >> we'll get the opening bell in a few moments. don't forget, you can catch us anytime, anywhere. just listen to and follow the squawk on the street opening bell podcast. >> earnings season on cnbc takes you inside the numbers. and when the ceos have a big announcement, they come here first. >> a wild hour of. >> earning light cov

thomas. good luck. it's very courageous. to perform the piece. it has these repetitive octaves in the right hand, it's literally just octaves for the whole thing. but different dynamics, different characters. it's extremely exciting. wow. bravohow do you feel? you're dead? i've just been sort of coming to terms with this piece, perfect. i do hear the different characters very clearly, like, it's already very concerning, you know? um, do this legato. i thinkjust a sense of, like, "what's going to happen?" yeah. i love that. yuja hums along. you know, you can use a pedal. do—da—do—dum—dum. try it. um, so da—da—da—da—da—da—dum, off, dum—bum—bum, like. yeah. sh, really soft. the thing with the kid is, like, um, the kid is stressed because the father does not believe him. can i try? this is the kid. da—da—da. i think whenever the kid comes, it has to be much more anxious. nice. i could exaggerate different characters much more. pizzicato. # come play with me...#. it was fine. it's like kind of almost comical. um, erlkonig, uh, could be more perverse. like, he's trying to seduce a kid, right? it's very seductive. erlkonig is like, "come to me. "i have toys for you to play." nice. piano volume increases. nice! and the end, i feel l