Identity management company Ping Identity closes up 30% on its first day of trading after raising $188M in its IPO, which valued the company at $1.16B (Abhishek Manikandan/Reuters)

Abhishek Manikandan / Reuters:
Identity management company Ping Identity closes up 30% on its first day of trading after raising $188M in its IPO, which valued the company at $1.16B  —  (Reuters) - Shares of Ping Identity Holding Corp (PING.N) jumped 25% in their market debut on Thursday, giving the identity software company a market value of about $1.46 billion.