Ping Identity IPO
Ping Identity provides identity and access management solutions for enterprises, enabling secure authentication and authorization across cloud and on-premise applications. The company was taken private in 2022 after trading publicly since 2019, with investors betting on the growing importance of identity security in digital transformation.
What We Know
Ping Identity went public in September 2019, raising $187 million in its IPO at $15 per share. The stock experienced significant volatility during its public tenure, reaching highs above $40 but also facing challenges from competitive pressure and slower growth. In August 2022, Ping Identity was acquired by private equity firm Thoma Bravo for approximately $2.8 billion, or $28.50 per share. The take-private transaction was completed after shareholders approved the deal, with Thoma Bravo citing the company's strong position in the identity security market as a key driver for the acquisition.
Frequently Asked Questions
Has Ping Identity had an IPO?
Yes, Ping Identity had an IPO in September 2019, but the company was taken private by Thoma Bravo in 2022. It is no longer publicly traded.
When is the Ping Identity IPO date?
Ping Identity already completed its IPO in 2019 but was subsequently taken private in 2022. There is no current IPO planned since the company is now privately held.
How can I buy Ping Identity stock?
You cannot buy Ping Identity stock as it was taken private by Thoma Bravo in 2022 and is no longer publicly traded. The company's shares were delisted from public exchanges following the acquisition.
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