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 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,…