Aug 3 (Reuters) - Private equity firm Thoma Bravo is buying Ping Identity (PING.N), opens new tab for $2.4 billion ... surged over 60% on Wednesday. The company's biggest shareholder is Vista ...

The company has reached an agreement to be purchased by Turn/River Capital in a cash transaction worth $4.4 billion ... including Thoma Bravo and Silver Lake, who control approximately 65% ...

The advisory fee for Thoma Bravo is of interest, as the private equity firm has owned SailPoint since it acquired the company for a second ... IPOs peaked in 2021 with $142.4 billion raised ...