SailPoint priced its New York initial public offering at the top-end of its marketed range of $21-$23 on Thursday, raising $1.38 billion for the identity security firm and the selling stockholder. The Austin,

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 execs await the stock's first trade at the Nasdaq on its IPO day Thursday. · Brian Sozzi. The identity management tech firm is no stranger to public markets. Thoma Brav

Austin-based identity security company SailPoint Inc. went public Feb. 13 and raised about $1.38 billion in an initial public offering that grew in price in recent days, Bloomberg reported. That came a day after the company announced the pricing of its upsized IPO of 60 million shares of its common stock at a public offering price of $23 per share.

SailPoint Inc. is guiding prospective investors that its initial public offering has received orders for more than 20 times the shares available, according to people familiar with the matter.

Cybersecurity firm SailPoint said on Tuesday it is now seeking a valuation of up to $12.57 billion in its U.S. initial public offering, signaling strong demand for the year's first major test of investor appetite for tech stocks.

SailPoint priced its New York initial public offering at the top-end of its marketed range of $21-$23 on Thursday, raising $1.38 billion for the identity security firm and the selling stockholder. (This story has been corrected to remove an extraneous word in the headline) (Reporting by Arasu Kannagi Basil and Pretish M J in Bengaluru;