OKTA - Digital identity startup ForgeRock is said to prepare for IPO this year

ForgeRock, which makes identity verification software, is said to be working with banks on an IPO this year that could value the company at $3B to $4B.The company, which is based in San Francisco, is working with Morgan Stanley on an IPO, that could come as soon as Q3, according to a Bloomberg report.ForgeRock competes with Okta Inc. (OKTA). and Ping Identity. (PING).ForgeRock last April said it raised $93.5M in a Series E round of fundraising. The funding round was led by Riverwood Capital. Existing investors, including Accel, Meritech Capital, Foundation Capital and KKR Growth (KKR) also participated. At the time, ForgeRock said its revenue was north of $100M.Yesterday, Okta closed its $6.5B Auth0 acquisition.

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Digital identity startup ForgeRock is said to prepare for IPO this year