Docebo tumbles on $200 mln share sale plans by top holder

Docebo

05/01/2022 18:53

** U.S.-listed shares of Canadian software firm Docebo Inc
 DCBO.O  down 10.4% to $56.95, hits over 6-month low, as top
holder plans to reduce stake
    ** Docebo late Tues filed https://www.sec.gov/Archives/edgar/data/1829959/000119312522001741/d251795df3.htm#atm_tx251795_6
 $200 mln "at the market" equity distribution program on behalf
of Intercap Equity
    ** Toronto-based Intercap owns ~13.6 mln shares, ~41.5% of
Docebo's total shares outstanding
    ** Co has free float of ~14.6 mln shares, per Refinitiv data
    ** With move on Weds, stock down ~40% from 52-week high of
$92.75 hit on Sept 16

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))