If You Invested $1,000 in Okta's IPO, Here's How Much You'd Have Today
Okta (NASDAQ: OKTA) is one of the pioneers in the access-management and digital-identity space. Making its debut on the public markets in April 2017, the company priced its shares at $17.
It raised nearly $200 million in the IPO and was previously backed by private-equity stalwarts, including Sequoia Capital, Khosla Ventures, and Andreesen Horowitz. Okta gained 38% on its first day of trading and closed at $23.51. The stock has since generated massive returns in just under three years.
So how much would an investor have if they invested $1,000 in Okta's IPO? An investor could have purchased 58 Okta shares for $986. That investment will have grown to $7,306 as of this writing, yielding more than seven times the original investment.
Source Fool.com
