KKR-backed ForgeRock valued at nearly $3 bln in NYSE debut as shares jump

ForgeRock

16/09/2021 16:16

Sept 16 (Reuters) - Shares of ForgeRock Inc  FORG.N  jumped
40% in their New York Stock Exchange debut on Thursday, giving
the digital identity management company a valuation of about
$2.8 billion. 
    Shares of the company, backed by an affiliate of private
equity firm KKR & Co  KKR.N , opened at $35, compared with their
initial public offering price of $25 per share. 

 (Reporting by Sohini Podder in Bengaluru; Editing by Shinjini
Ganguli)
 ((Sohini.Podder@thomsonreuters.com;))