Cybersecurity firm SailPoint attracted investor attention with its debut in the first quarter of 2025, but it faces concerns about the pace of its growth and its reliance on enterprise customers. Supported by private equity giant Thoma Bravo, the identity security provider is aiming for a valuation of up to $11.5 billion in its New York initial public offering. The company plans to sell 47.5 million shares, with an additional 2.5 million shares offered by its selling stockholders, bringing the