Yeah, let the dust settle on this one. Plus I was writing when you were. I think I'd wait for at least $26 on PING.I was thinking about PING Van
How do you feel about this Usually I hate when the co gets no funds but in this case they are not issuing any shares.. so not dillutive really.
DENVER, November 09, 2021--(BUSINESS WIRE)--Ping Identity Holding Corp. (NYSE: PING) ("Ping Identity"), the Intelligent Identity solution for the enterprise, today announced the pricing of a public follow-on offering of 10,000,000 shares of its common stock by investment funds affiliated with Vista Equity Partners at a price to the public of $28.25 per share. Such selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock on the same terms and conditions. This offering will not dilute ownership of any existing investors. Ping Identity will not receive any proceeds from the sale of shares by the selling shareholders, and will not issue any shares of its common stock in the offering.
It's gonna have a lid on it for a bit.
They just got some kind of Federal approval though. I think it means they are certified for certain govt contracts. I doubt that explains the volume today however.