ISSUE – Mar. 29 | Silicon Valley Startups Favor IPOs Over Deals as M&A Languishes

When it comes to choosing an exit, some closely held technology companies are betting they can get richer valuations from a public listing than from being acquired.

Okta Inc. is one of at least five sale targets worth $1 billion or more — public or private — to have held deal talks in recent months that have fallen apart, people with knowledge of the matter said. The enterprise-software company based in San Francisco is now marketing its initial public offering to investors. [ Bloomberg ]