Okta hires Goldman Sachs to lead IPO or sale - sources

Okta Inc, a U.S. cloud identity management company valued at $1.2 billion (818 million pounds) in its latest private fundraising round, has hired Goldman Sachs Group to lead an initial public offering or outright sale, people familiar with the matter said. Okta's exploration of both an IPO and a sale underscores the dilemma faced by several technology companies this year, as the frothy stock market valuations of many of their peers begin to come down, prompting potential buyers to enter the fray