Ping Identity (PING) to Offer 8.5M Shares for Holders

Ping Identity Holding Corp. (NYSE: PING) announced the commencement of a public follow-on offering of its common stock by certain of its selling shareholders. The selling shareholders are offering 8,500,000 shares of Ping Identity common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the “SEC”). Certain of the selling shareholders also intend to grant the underwriters the right to purchase up to an additional 1,275,000 shares on the same terms and conditions. Ping Identity will not receive any proceeds from the sale of shares by the selling shareholders.

Goldman Sachs & Co. LLC, BofA Securities, RBC Capital Markets and Citigroup will act as lead book-running managers for the proposed offering.

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