India's i-flex aims to raise $200 million in dual listing IPO

i-flex prepares for IPO in the US and India.

I-flex Solutions, one of India's top software companies, plans to raise as much as $200 million in an initial public offering IPO of its shares in the US and India as it seeks transform itself from an Indian company that exports overseas to a global company that happens to have factories in India.

The Mumbai-based company, which provides software for financial institutions, was founded nine years ago with the help of a $1 million investment from Citicorp. Today Citicorp...

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