Luxoft Holding Inc Announces Closing of Initial Public Offering and Full Exercise of Over-Allotment Option

Monday, 1 Jul 2013 02:09pm EDT 

Luxoft Holding Inc announced the closing of its initial public offering of 4,705,880 Class A ordinary shares at $17.00 per Class A ordinary share, which includes the exercise in full by the underwriters of their option to purchase up to 613,810 additional Class A ordinary shares. 2,046,035 of the Class A ordinary shares were offered by Luxoft, and another 2,659,845 Class A ordinary shares, which includes the over-allotment, were offered by its parent, IBS Group Holding Limited. Luxoft`s ordinary shares are listed on the New York Stock Exchange under the trading symbol LXFT. UBS Limited, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, VTB Capital plc and Cowen and Company, LLC are the joint bookrunning managers for the offering. 

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