Ping Identity (PING) Prices 6M Share Follow-on Offering of Common Stock by Selling Shareholders at $24/Each

June 15, 2021 9:01 AM EDT

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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 previously announced public follow-on offering of 6,000,000 shares of its common stock held by investment funds affiliated with Vista Equity Partners, offered at a price to the public of $24.00 per share. Such selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 900,000 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. The offering is expected to close on June 17, 2021, subject to customary closing conditions.

Morgan Stanley is acting as sole underwriter for the offering.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission (the “SEC”) on June 14, 2021. This offering is being made only by means of a prospectus, copies of which may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.

Copies of the registration statement can be accessed by visiting the SEC’s website at www.sec.gov. 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.



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