Come On Down, Okta!


#1

SF homes about to get even more expensive…

http://www.bizjournals.com/sanfrancisco/news/2017/04/05/software-company-okta-ipo-san-francisco.html


#2

Okta is dual-headed:

Okta Headquarters
301 Brannan Street, 1st Floor
San Francisco, CA 94107, USA

Okta Headquarters South
300 Park Avenue, 4th Floor
San Jose, CA 95110, USA

Kinda like yours truly…


#3

In an amended filing Wednesday with the U.S. Securities and Exchange Commission, Okta raised its proposed offering price per share to $17 from the $15 per share outlined in documents last week. The company still plans to offer 11 million shares.

The latest goal of $215 million comes after a nearly 90 percent increase in March from the original goal of a $100 million IPO to $189.75 million.


#4

Cloudera (Palo Alto) also filed for IPO recently, but I don’t think they set a price yet.


#5

I know people in Cloudera. South Bay RE will go up some more when they IPO. I do not however think the stock will do well in the medium term. Intel pumped in >740m but Cloudera revenues are still at $250mn after all these years. Also Cloudera has intense competition from Amazon EMR and are losing deals to Amazon.


#6

http://www.cnbc.com/2017/04/06/okta-prices-at-17-per-share-will-raise-1-7-billion-in-ipo.html


#7

Boom!!!