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 was valued at $12.8 billion after its shares debuted in line with their offer price on Thursday, marking a tepid return to the stock market for the Thoma Bravo-backed identity security company.

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.