SAN FRANCISCO--(BUSINESS WIRE)--Apr. 6, 2017--
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 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.
The offering is being made only by means of a prospectus. A copy of the
final prospectus related to the offering may be obtained from Goldman,
Sachs & Co., Attention: Prospectus Department, 200 West Street, New
York, New York 10282, telephone: (866) 471-2526, or email: prospectus-ny@ny.email.gs.com;
and from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717.
A registration statement relating to these securities has been filed
with, and declared effective by, the United States Securities and
Exchange Commission (“SEC”). Copies of the registration statement can be
accessed through the SEC's website at www.sec.gov. This press release
does not constitute an offer to sell or a solicitation of an offer to
buy, nor will there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation, or sale would be
unlawful before registration or qualification under the securities laws
of that state or jurisdiction.
About Okta
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170406006349/en/
Source: Okta, Inc.
Okta
Jenna Kozel King, 415-418-9600
jenna.kozel@okta.com
