TSX:DCBOSoftware
Docebo’s CA$60m Buyback Bid And What It Means For Valuation
Docebo (TSX:DCBO) has launched a substantial issuer bid to repurchase and cancel up to 2,940,000 shares.
The offer is part of a CA$60m buyback program and represents over 10% of the company’s issued share capital.
The move signals how management is choosing to deploy capital and could affect ownership concentration and per share metrics.
Docebo is coming to this buyback after a difficult stretch for the share price, with the stock at CA$26.0 and showing a 56.4% decline over the past year...