Monday, March 13, 2017

Okta Files For IPO

San Francisco-based Okta, which develops identity management software for the enterprise, has filed for an IPO, saying in a filing late Monday that it is look raise up to $100M in an IPO on the NASDAQ Global Select Market. Okta said it has applied to list as OKTA. The IPO is being underwritten by Goldman Sachs & Co, J.P. Morgan, Allen & Company LLC, Pacific Crest Securities, Canaccord Genuity, and JMP Securities. The company is venture backed by Sequoia Capital (21.2% ownership), Andreessen Horowitz (19.6%), Greylock (16.9%), and Khosla Ventures (8.1%), among others.