ForgeRock a global identity leader, today announced the pricing of its initial public offering of 11,000,000 shares of its Class A common stock at a price to the public of $25.00 per share. In addition, ForgeRock has granted the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions.
The shares are expected to begin trading on the New York Stock Exchange on September 16, 2021 under the ticker symbol “FORG”. The offering is expected to close on September 20, 2021, subject to customary closing conditions.
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 digital identity leader, today announced that Tschudy Smith has been named as the company’s new Chief People Officer. Tschudy will lead all areas of talent strategy, including employee experience, rewards, attraction, retention, development, diversity and inclusion for ForgeRock’s rapidly growing global workforce of more than 760 employees.
“For two decades, Tschudy has been at the forefront of solving complex problems at scale across industries from distribution to software, services and networking. She has an unshakeable belief in success and clarity on how to achieve it” said ForgeRock CEO Fran Rosch. “People are at the heart of every great company. Winning as a team with the world’s best talent is the heart of ForgeRock. Tschudy’s reputation for creating trusted partnerships with businesses and leaders, commitment to mentorship and investing in talent is an incredible asset to ForgeRock’s purpose of building a strong, diverse culture, helping our customers succeed and helping people simply and safely access the connected world.”
Tschudy joins ForgeRock from Cisco where she served as Senior Vice President of People and Communities, overseeing people, talent, rewards, recruiting and leadership development strategies for the company’s Customer Experience, Operations and Global Sales, Marketing and Partner organizations. Prior to Cisco, Tschudy was a Senior Leader in Human Resources at AOL/Time Warner, having started her path to the company with Netscape Communications.
“ForgeRock is a global leader in enabling the intuitive employee and customer experiences that matter most to companies today,” Tschudy said. “Fran and his team have built ForgeRock into one of the most respected enterprise identity leaders, becoming a trusted strategic partner helping businesses run digitally. ForgeRock’s combination of talented people, values which drive their culture and unmatched platform and product innovation is very compelling. I could not be more excited to join the team and help lead ForgeRock in its vision to make online experiences feel more natural and more secure.”