Docebo Inc DCBO

Today's Action

[retiredcf]

While it could simply be profit taking, there's no real reason for today's decline other than perhaps a new short position has been opened and/or one of the organizations below is trying to walk the price down ahead of the public offering. GLTA

A total of US$125 million of common shares will be offered by Docebo for sale in the offering, which will be conducted through a syndicate of underwriters led by Morgan Stanley, Goldman Sachs & Co. LLC and Canaccord Genuity, as joint lead book-running managers. The offering will be priced in the context of the market, with the price and total size of the offering to be determined at the time of entering into an underwriting agreement for the offering (the “Underwriting Agreement”).

[petebrown1963]

The US shares are IPO priced at $48 and debut today, so the Cdn shares have to decline to that price today. 

[canyousayiii]

Yes, so we should bottom out here since that would be close to $65. Would have loved to see it higher, but in the announcement talking about the price and the expected Dec 10 closing date, there is also a snippit that we began trading on Nasdaq today, and there we are. I thought we had some cross-listing before but perhaps this is an upgrade to the one where the big boys are. That should serve us

[retiredcf]

Thanks. Follow too many stocks so missed the US$48.00 IPO price. GLTA