Deals
Ping Identity Gains 34% in Trading Debut After $188 Million IPO
Ping Identity CEO Andre Durand
Photographer: AAron Ontiveroz/The Denver Post via Getty Images)This article is for subscribers only.
Ping Identity Holding Corp. rose in its trading debut after raising $188 million in its U.S. initial public offering.
The software company’s shares rose 34% to $20.11 Thursday in New York trading, giving the company a market value of $1.56 billion. The software company sold 12.5 million shares Wednesday after marketing them for $14 to $16 apiece.