Okta completed its IPO on the NASDAQ (ticker: OKTA) in April 2017 at $17 per share, raising $187 million. Founded in 2009 by Todd McKinnon and Frederic Kerrest, Okta compounded subscription revenues at over 35% CAGR over the next decade. In May 2021, Okta completed the landmark $6.5 billion all-stock acquisition of developer authentication leader Auth0, uniting workforce and customer identity. In 2026, Okta generated over $2.6 billion in annual subscription revenue, producing over $500 million in free cash flow with a $12.5 billion market capitalization.