Docebo Inc. Ownership Structure Reveals Significant Private Equity Firms and Institutional Holdings

Docebo Inc. is owned by private equity firms with a 57% stake, while institutional ownership is at 32%. The top 2 shareholders, Intercap Inc. and Warburg Pincus LLC, have a majority ownership. Institutional ownership in Docebo suggests that professional investors have credibility in the company. However, institutions can make bad investments, and past earnings trajectory should also be considered.