Thoma Bravo-Backed SailPoint’s IPO Raises $1.38 Billion (1)

SailPoint Inc. and a group of shareholders including its main backer, Thoma Bravo, raised $1.38 billion in an enlarged initial public offering for the enterprise security software company, pricing shares at the top of a marketed range.

The Austin-based company and the sellers sold 60 million shares Thursday for $23 each, according to a statement confirming a Bloomberg News report. Earlier, 50 million shares were marketed for $21 to $23 apiece. SailPoint had increased the price range on Tuesday from $19 to $21 per share.

At the IPO price, SailPoint has a market value of $12.8 billion based ...