Okta Inc., a cloud-based security and identity management software developer, has finally settled with the pricing of its IPO of 11 million shares of its Class A common stock. Following a period of inconstancy earlier this week, where the price point oscillated between $13, $15, and $17 per share, the company has finally decided to hit the top end of the expected range by keeping the valuation at $17 per share.
That raises the market value of Okta to $1.54 billion, which is well above the $1.2 billion valuation that it had as a private undertaking. The overall valuation comes as…