Luxoft Holding Inc Announces Pricing Of Initial Public Offering

Wednesday, 26 Jun 2013 03:20am EDT 

Luxoft Holding Inc announced the pricing of its initial public offering of 4,092,070 Class A ordinary shares at $17.00 per Class A ordinary share. Luxoft's Class A ordinary shares are expected to begin trading on the New York Stock Exchange under the symbol 'LXFT' on June 26, 2013. Luxoft is offering 2,046,035 Class A ordinary shares, and another 2,046,035 Class A ordinary shares are being offered by its parent, IBS Group Holding Limited. The underwriters have been granted a 30-day over-allotment option to purchase up to 613,810 additional Class A ordinary shares from the selling shareholder to cover over-allotments, if any. The offering is expected to close onJuly 1, 2013. 

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