Digital Identity Startup ForgeRock Files IPO as Losses Shrink

  • Share sale would add to year’s U.S. software rush to market
  • San Francisco firm said to have sought up to $4 billion value
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ForgeRock Inc., a maker of identity-verification software, filed for an initial public offering, disclosing shrinking losses on growing revenue.

The San Francisco-based company in its filing Monday listed the size of the offering as $100 million, a placeholder that will change when a price range for the share sale is set.