14 March, 2017
Identity Management Software Provider Okta Files For Today’s Second $100M IPO
It looks like Snap’s (at least perceived) successful IPO has officially opened the window: Following Yext officially filing for an IPO this afternoon, identity management software company Okta just dropped its official filing for an IPO.
After much hand-wringing about whether or not 2017 would avoid last year’s fate of an IPO drought, we’ve seen three IPOs all within the span of about a month and a half. Okta, like Yext, is looking to raise up to $100 million as of the Securities and Exchange Commission filing today. With Cisco snapping up AppDynamics right before it went public, investors and companies were waiting to see if there was actually some appetite for IPOs — which, apparently, there is plenty.