Ping Identity Gains 34% in Trading Debut After $188 Million IPO

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Ping Identity Holding Corp. rose in its trading debut after raising $188 million in its U.S. initial public offering.

The software company’s shares rose 34% to $20.11 Thursday in New York trading, giving the company a market value of $1.56 billion. The software company sold 12.5 million shares Wednesday after marketing them for $14 to $16 apiece.

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