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.

SailPoint first went public in 2017, three years after being acquired by Thoma Bravo, which bought it again in 2022 via a $6.9 billion deal. The company lets customers, including Detroit automaker General Motors and chocolate maker Hershey, establish and control their security processes.

SailPoint Inc. and its shareholders, including main backer Thoma Bravo, lifted their price range for the security software company’s initial public offering, seeking to raise as much as $1.15 billion.

(Reuters) -Thoma Bravo-backed cybersecurity firm SailPoint will start trading on the Nasdaq on Thursday, returning to the U.S. stock market more than two years after it went private. The Austin, Texas-based company,

SailPoint, which is backed by Thoma Bravo, has gone public after pricing its 60 million shares at $23 per share. SailPoint is an Austin-based cybersecurity firm. The stock began trading on the Nasdaq on February 13, 2025 under the ticker symbol “SAIL.”