Deals
Silicon Valley Startups Favor IPOs Over Deals as M&A Languishes
- Okta, AppNexus each said to opt for listings versus takeovers
- IPOs increasingly viewed as ‘brass ring’: Class V’s Buyer
An employee closes the Snapchat Spectacles by Snap Inc. vending machine pop-up store after sunset in the Venice neighborhood of Los Angeles, on March 14, 2017.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
When it comes to choosing an exit, some closely held technology companies are betting they can get richer valuations from a public listing than from being acquired.
Okta Inc. is one of at least five sale targets worth $1 billion or more -- public or private -- to have held deal talks in recent months that have fallen apart, people with knowledge of the matter said. The enterprise-software company based in San Francisco is now marketing its initial public offering to investors.