Hacker News new | ask | show | jobs
by arawde 1927 days ago
> Okta will issue shares to Auth0 shareholders at share price of $276.21, close to 20% less than the current share price (at the time of writing).

The screenshot immediately under this statement shows an Okta share price of $226. Am I misunderstanding something?
3 comments
kweinber 1927 days ago
The deal had to be done at a certain time, which froze the value of the shares at the price. The shares were probably reserved for this purpose at that time.
link
jiveturkey 1927 days ago
The screenshot did not properly show the price "at the time of writing". sloppy, that's all.
link
advaitruia 1926 days ago
The chart didnt cover after hour pricing unfortunately (which is what was being referenced). Note taken though, will keep it in mind!
link
coreyja 1927 days ago
$276.21 - 20% = $220.968

So not far off from $226

$226 / $276.21 = 81.8%

So its 18.2% to be exact

Edit: Realized the quote/article says 20% LOWER. Which is backwards, and is likely what my parent comment is pointing out

link