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Okta stock dropped 12% in after hours. I see the acquisition as a positive business decision.
by fumar 6y ago
Okta stock dropped 12% in after hours. I see the acquisition as a positive business decision.
- missedthecue 6y agoDropped because OKTA will issue an additional 21% of their outstanding stock to make the purchase, diluting existing shareholders
- basch 6y agoBut shareholders own an entire nother company now.
- djrogers 6y agoThe stock dropping only 12% after a 21% dilution reflects that 'the street' sees this as a net positive as well.
- conro1108 6y agoWouldn't that just mean that the delta between the dilution and the stock drop was 'the street's take on the "real" valuation of auth0?