Ping Identity Announces Launch of Proposed Follow-on Offering of Common Stock by Selling Shareholders
July 06 2020 - 3:46PM
Business Wire
Ping Identity Holding Corp. (NYSE: PING) (“Ping Identity”), the
Intelligent Identity solution for the enterprise, today announced
the commencement of a public follow-on offering of its common stock
by certain of its selling shareholders. The selling shareholders
are offering 7,500,000 shares of Ping Identity common stock
pursuant to a registration statement on Form S-1 filed with the
Securities and Exchange Commission (the “SEC”). Selling
shareholders also intend to grant the underwriters the right to
purchase up to an additional 1,125,000 shares 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.
Goldman Sachs & Co. LLC, BofA Securities, RBC Capital
Markets and Citigroup will act as lead book-running managers for
the proposed offering.
The proposed offering will be made only by means of a
prospectus. Copies of the preliminary prospectus related to the
offering may be obtained, when available, from Goldman Sachs &
Co. LLC, Attention: Prospectus Department, 200 West Street, New
York, NY 10282, by telephone at 1-866-471-2526, or by e-mail at
prospectus-ny@ny.email.gs.com; or BofA Securities, NC1-004-03-43,
200 North College Street, 3rd floor, Charlotte, NC 28255-0001,
Attention: Prospectus Department, or by email at
dg.prospectus_requests@bofa.com; or RBC Capital Markets, LLC, 200
Vesey Street, 8th Floor, New York, NY 10281, Attention: Equity
Syndicate Department, by telephone at 1-877-822-4089, or by e-mail
at equityprospectus@rbccm.com; or Citigroup Global Markets Inc. c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York 11717, or by telephone at (800) 831-9146.
A registration statement relating to these securities has been
filed with the SEC, but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements reflect Ping Identity’s
current intentions, expectations or beliefs regarding the proposed
common stock offering. These statements may be preceded by,
followed by or include the words "aim," "anticipate," "believe,"
"estimate," "expect," "forecast," "intend," "likely," "outlook,"
"plan," "potential," "project," "projection," "seek," "can,"
"could," "may," "should," "would," "will," the negatives thereof
and other words and terms of similar meaning. Forward-looking
statements include all statements that are not historical facts.
Such forward-looking statements are subject to various risks and
uncertainties. Accordingly, there are or will be important factors
that could cause actual outcomes or results to differ materially
from those indicated in these statements. There is no assurance
that any forward-looking statements will materialize. You are
cautioned not to place undue reliance on forward-looking
statements, which reflect expectations only as of this date. Ping
Identity does not undertake any obligation to publicly update or
review any forward-looking statement, whether as a result of new
information, future developments, or otherwise.
About Ping Identity
Ping Identity is the Intelligent Identity solution for the
enterprise. We enable companies to achieve Zero Trust
identity-defined security and more personalized, streamlined user
experiences. The Ping Intelligent Identity™ platform provides
customers, workforce, and partners with access to cloud, mobile,
SaaS and on-premises applications across the hybrid enterprise.
Over half of the Fortune 100 choose us for our identity expertise,
open standards, and partnerships with companies including Microsoft
and Amazon. We provide flexible identity solutions that accelerate
digital business initiatives, delight customers, and secure the
enterprise through multi-factor authentication, single sign-on,
access management, intelligent API security, directory, and data
governance capabilities.
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version on businesswire.com: https://www.businesswire.com/news/home/20200706005575/en/
Media Contact: Kristin Miller press@pingidentity.com
Investor Relations Contact: Nick Allen Tel: 720.728.1007
investor@pingidentity.com
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