Ping Identity Announces Launches Initial Public Offering

ping identityPing Identity Holding Corp., a Denver, CO-based cybersecurity company, has launched the roadshow for the initial public offering of its common stock.

The company is offering 12,500,000 shares of its common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the “SEC”).
The initial public offering price is currently expected to be between $14.00 and $16.00 per share. Ping Identity intends to grant the underwriters the right to purchase up to an additional 1,875,000 shares on the same terms and conditions.

The shares have been approved for listing on the New York Stock Exchange under the symbol “PING.”

The company intends to use the net proceeds received from this offering to repay a portion of its outstanding borrowings under its credit facilities.

Goldman Sachs & Co. LLC, BofA Merrill Lynch, RBC Capital Markets and Citigroup will act as lead book-running managers for the proposed offering, and Barclays, Credit Suisse, Deutsche Bank Securities, and Wells Fargo Securities will act as book-running managers for the proposed offering. Raymond James, Stifel, William Blair, Mizuho Securities and Oppenheimer & Co. will act as co-managers for the proposed offering.

Ping Identity provides an intelligent identity platform that provides customers, employees, partners and, IoT, with access to cloud, mobile, SaaS and on-premises applications and APIs, while also managing identity and profile data at scale. It offers flexible options to extend hybrid IT environments and accelerate digital business initiatives with multi-factor authentication, single sign-on, access management, intelligent API security, directory and data governance capabilities.



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