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Identity management company Okta files to raise $100 million in IPO

Identity management company Okta files to raise $100 million in IPO

Tuesday, March 14, 2017, 10:38 AM

Okta, a company that provides identity management and single sign-on (SSO) software, today filed an S-1 form kicking off the process for an initial public offering (IPO). The company is initially looking to raise $100 million, according to the filing. Okta will be trading on the Nasdaq under the symbol OKTA. Almost all revenue comes from subscriptions - the rest comes from professional services.
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