Okta (OKTA) IPO Opens 39% Higher

Today's IPO for Okta, Inc. (NASDAQ: OKTA) opened for trading at $23.56 after pricing 11,000,000 shares of its Class A common stock at a price to the public of $17.00 per share, the top end of the expected $15-$17 range.

Okta has granted the underwriters a 30-day option to purchase up to 1,650,000 additional shares of Class A common stock.

Goldman, Sachs & Co., J.P. Morgan Securities LLC and Allen & Company LLC are acting as joint book-running managers for the offering. Pacific Crest Securities, a division of KeyBanc Capital Markets Inc., Canaccord Genuity Inc. and JMP Securities LLC are acting as co-managers.

Okta is the leading independent provider of identity for the enterprise. The Okta Identity Cloud connects and protects employees of many of the world's largest enterprises. It also securely connects enterprises to their partners, suppliers and customers. With deep integrations to over 5,000 apps, the Okta Identity Cloud enables simple and secure access from any device. Thousands of customers, including Experian, 20th Century Fox, LinkedIn, Flex, News Corp, Dish Networks, and Adobe trust Okta to work faster, boost revenue and stay secure. Okta helps customers fulfill their missions faster by making it safe and easy to use the technologies they need to do their most significant work.

You May Also Be Interested In

• Scribe Therapeutics prices IPO at $15 per share on Nasdaq
• Jersey Mike's Subs files for 43.48M share IPO
• GoldInxs Mining Corp. completes IPO, lists on TSX Venture Exchange