Okta (OKTA) IPO Opens 39% Higher

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Okta Announces Pricing of Initial Public Offering

April 6, 2017 5:41 PM EDT

SAN FRANCISCO--(BUSINESS WIRE)-- Okta, Inc. (NASDAQ: OKTA) today announced the pricing of its initial public offering of 11,000,000 shares of its Class A common stock at a price to the public of $17.00 per share. The shares are expected to begin trading on the NASDAQ Global Select Market on April 7, 2017 under the symbol OKTA. The offering is expected to close on April 12, 2017, subject to customary closing conditions.

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... More