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Enterprise security platform Ping Identity files for a $100 million IPO

August 23, 2019
PING

Ping Identity Holding, which enables secure digital access for enterprises through an identity management platform, filed on Friday with the SEC to raise up to $100 million in an initial public offering.

The Denver, CO-based company was founded in 2001 and booked $215 million in sales for the 12 months ended June 30, 2019. It plans to list on the Nasdaq under the symbol PING. Ping Identity Holding filed confidentially on February 14, 2019. Goldman Sachs, BofA Merrill Lynch, RBC Capital Markets, Citi, Barclays, Credit Suisse, Deutsche Bank, and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.