4 things to know about the Okta IPO

Okta Inc. is joining a string of enterprise software offerings testing the public market.

The San Francisco-based company, which helps companies securely manage sign-ons across applications, announced that it had sold 11 million shares at $17 apiece Thursday to raise $187 million. That price was the top of an increased range for Okta OKTA, +0.00% which had raised its target to $15 to $17 a share from $13 to $15 earlier in the week,.

The company applied to list on the Nasdaq Global Select Market under the symbol “OKTA.”

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