ForgeRock IPO off to solid start

ForgeRock

16/09/2021 16:43

** Digital identity management firm ForgeRock Inc's  FORG.N 
shares open 40% higher in debut on Thurs
    ** FORG opens at $35 vs IPO price of $25
    ** Co backed by private equity firm KKR  KKR.N  sold 11 mln
shares $1 above $21-$24 filed range, raising $275 mln
 urn:newsml:reuters.com:*:nL4N2QI2ZY
    ** San Francisco-based FORG provides identity and access
management solutions for consumers, workforce and internet of
things devices
    ** Tech-focused PE firm Riverwood Capital and venture
capital firms Accel Partners, Meritech Capital Partners and
Foundation Capital among co's backers
    **  Morgan Stanley and JP Morgan leading 10-firm
underwriting group for the IPO

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))