Today, Luxoft Holding, Inc announced the closing of its initial public offering (IPO). The company offered a total of 4,705,880 Class A ordinary shares priced at US$17 per share piece.
Luxoft is a leading provider of innovative IT solutions and software development services. The company has a global client reach consisting of large multinational corporations. Luofts's solutions are based on its proprietary products and platforms that directly impact the outcome of its clients' business. The company is driven towards giving customers continuous and efficient innovation. It is also directed towards software development services and custom software development and support.
The IPO included underwriter options to purchase up to 613,810 shares. Ampyjer 2,659,845 shares were also offered by Luxoft including over allotment were offered by its parent firm IBS Group Holding Limited. The shares of Luxoft were listed on the NYSE under the trading symbol LXFT.
The appointed joint running managers for the deal were UBS Limited, JP Morgan and Credit Suisse.
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