Ping Identity Announces Pricing of Follow-on Offering of Common Stock by Selling Shareholders

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May 14, 2020
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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 8,500,000 shares of its common stock by certain selling shareholders at $24.00 per share. Certain of the selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 1,275,000 shares of common stock on the same terms and conditions. Ping Identity will not receive any proceeds from the sale of shares by the selling shareholders. The offering is expected to close on May 18, 2020, subject to customary closing conditions.