Identity Software Startup ForgeRock Adds to Week’s IPO Gains
- Tech consulting, running shoes deliver 45% returns in listings
- ForgeRock CEO sees demand increasing further across sectors
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ForgeRock Inc., a maker of identity-verification software, rose 46% in its trading debut, joining a dozen U.S. initial public offerings that have delivered first-day gains this week.
The San Francisco-based company raised $275 million, selling 11 million shares for $25 each after marketing them for $21 to $24. The shares closed at $36.50 Thursday in New York trading, giving ForgeRock a market value of about $2.9 billion.