Today's ActionWhile 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”).