ForgeRock (FORG) IPO Opens 40% Higher

Today's IPO for ForgeRock, Inc. (NYSE: FORG) opened for trading at $35 after pricing 11,000,000 shares at $25.

Morgan Stanley and J.P. Morgan are acting as lead book-running managers for the offering. Deutsche Bank Securities, Mizuho Securities, and HSBC are acting as joint book-running managers for the offering. BTIG, Cowen, Piper Sandler, Truist Securities, and William Blair are acting as co-managers for the offering.

ForgeRock®, a global leader in digital identity, delivers modern identity and access management solutions for consumers, employees and things to simply and safely access the connected world. Using ForgeRock, more than 1,300 organizations around the world orchestrate, manage, and secure the complete lifecycle of identities from dynamic access controls, governance, APIs, and storing authoritative data – consumable in cloud or hybrid environments.

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