Credit: Shutterstock photoOkta, which provides on-demand identity and access management for enterprises, raised $187 million by offering 11 million shares at $17, the high end of the revised range of $15 to $17. The company had originally set the range at $13-$15 before raising the range earlier this week. Okta plans to list on the Nasdaq under the symbol OKTA. Goldman Sachs, J.P. Morgan and Allen & Company acted as lead managers on the deal.
The article Okta prices IPO at $17, the high end of the revised range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
