The acquisition is anticipated to finalise in the first half of 2023, and investors in the San Francisco-based firm will get $23.25 in cash as payment.
In September of last year, ForgeRock completed its first public offering, selling 11 million shares for $25 apiece after initially marketing them for $21 to $24.
Since then, the stock has declined and ended on Monday at $15.16. The offer is 53% more expensive than the closing price.
Identity-verification software provider ForgeRock Inc. said that Thoma Bravo will purchase it in an all-cash deal valued at around $2.3 billion.
Investors in the San Francisco-based firm will get $23.25 in cash, and the transaction is anticipated to finalise in the first quarter of 2023, according to a statement released on Tuesday.
ForgeRock successfully completed its IPO in September of last year, selling 11 million shares for $25 apiece after initially marketing them for $21 to $24.