Monday, September 16, 2019

Ping Identity Expected To IPO This Week

Denver-based identity management software Ping Identity is expected to have its IPO this week, one of five companies expected to hit the public markets this week. Ping Identity filed for its IPO last week, saying it hopes to raise as much as $230M in a public offering on the New York Stock Exchange under the symbol "PING". The IPO is being underwritten by Goldman Sachs & Co. LLC, BofA Merrill Lynch, RBC Capital Markets, Citigroup, Barclays, Credit Suisse, Deutsche Bank Securities, Wells Fargo Securities, Raymond James, Stifel, William Blair, Mizuho Securities, and Oppenheimer & Co. The company's biggest investor is private equity investor Vista Equity, which owns 97.2 percent of the company.