genpact-prices-ipo-below-indicative-range

Genpact prices IPO below indicative range

Market volatility dampens demand for the Indian business process outsourcing company, resulting in a price of $14 per share.
India's largest business process outsourcing BPO firm, Genpact, raised $494 million after pricing its US initial public offering at $14, 12.5% off the bottom of the price range.

Genpact was at the mercy of an unpredictable stock market, as it priced in one of the most turbulent weeks that the US equity markets have experienced in the recent past. When the draft document was filed with the Securities and Exchange Commission SEC in mid-May, the Dow Jones Industrial Average was at around 13,300. It continued to rise during the early part of the roadshow, which was launched on July 17, and touched a historical high of 14,000 on July 19.

Then investor panic over the...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222