Okta

Looking for Okta Logos?

You can find all the media assets you need as part of our press room.

Download Media Assets

Okta Announces Pricing of Initial Public Offering

San Francisco, Calif., April 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: [email protected]; 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.

Thursday, April 6, 2017
 
Okta
The foundation for secure connections between people and technology

Okta is the leading independent provider of identity for the enterprise. The Okta Identity Cloud enables organizations to both secure and manage their extended enterprise, and transform their customers’ experiences. With over 5,500 pre-built integrations to applications and infrastructure providers, Okta customers can easily and securely adopt the technologies they need to fulfill their missions. Over 4,000 organizations, including 20th Century Fox, JetBlue, Nordstrom, Slack, Teach for America and Twilio trust Okta to securely connect their people and technology.

Follow Okta