Monday, March 27, 2017

Okta Sets Estimated IPO Pricing

San Francisco-based Okta, which develops identity management software for the enterprise, has set its estimated IPO pricing. The company said, in a filing, that it is looking to sell $11,000,000 shares of its common stock at between $13.00 and $15.00 per share, raising as much as $165.0M for the company. The company has applied to list as OKTA on the NASDAQ Global Market. Okta is venture backed by Sequoia Capital, Andreessen Horowitz, Greylock Ventures, Khosla Ventures, and others. The firm is led by Todd McKinnon.