Docebo Inc DCBO

Why the Drop Today After Encouraging News?

[LowtoHigh]

Hi All!
Was the drop attribbuted to more shares being offered to support growth? It seems with solid revenues reported and an expected surge, the SP would have gone up today...thoughts?

[fdfd12]

The price of the deal is not out yet. It is a good thing that it is in US. They are following SHOP system. You issue shares every time in the US and your shares will trade more in US since there are more US shares.

[snowpest]

My understanding is that those share are offered by the CEO, the CEO and Intercap Equity an investor in Docebo no reference what the fund Will be used for, to me it sound like a disposition of share, Insider selling. By the market reaction looks like that what it is but I could be wrong.

[petebrown1963]

This is exactly what it was. No additional shares offered. But is seen as insider selling, which the market doesn't like. 

[snowpest]

More Insider dumping! Well over a 1/4 billion dollars in 2 Days and they are dumping from quite sometime knowing that as people get vaccinated and eventually get back to work the bonanza that they experienced the past 10 month will come to an end. The shorts are at the door. Selling Shareholders pursuant to the Offering). Docebo will not receive any of the proceeds from the sale of common shares

[canyousayiii]

Sounds like big shareholders want to capitalize by taking substantial profits on a portion of their holdings. And they arranged an orderly sale. They could have done like most insiders commonly do and trickle sales on the open market. Would that be better? Meanwhile, annual projected results continue to be strong. When you read the newsrelease, remember that the numbers are expressed in US dollars

[retiredcf]

Being the cynic that I am, my gut tells me that the underwriters are working hard to drive the price down so they and their clients can pick up shares on the cheap. GLTA A total of 3,650,000 common shares will be offered 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

[LowtoHigh]

Thanks for pointing that out...that makes sense. I would have done the same lol. Oh well, I just got in recently so I guess I'm long now :-)