ibex Limited Announces Pricing of Initial Public Offering
August 07 2020 - 12:08AM
Business Wire
IBEX Limited (“ibex”), a leading global provider of outsourced
CX solutions, today announced the pricing of its initial public
offering of 4,761,905 common shares at a price of $19.00 per share.
The offering consists of 3,571,429 shares offered by ibex and
1,190,476 shares to be sold by the selling shareholder. The
underwriters have been granted a 30-day option to purchase up to an
additional 714,285 common shares from the selling shareholder at
the initial public offering price less underwriting discounts and
commissions. The gross proceeds to ibex from the offering, before
deducting underwriting discounts and commissions and other offering
expenses payable by ibex, are expected to be $67.9 million. ibex
will not receive any proceeds from any sale of shares by the
selling shareholder.
The shares are expected to begin trading on the Nasdaq Global
Market on August 7, 2020, under the ticker symbol “IBEX,” and the
offering is expected to close on August 11, 2020, subject to
customary closing conditions.
Citigroup and RBC Capital Markets are acting as joint
book-running managers and as representatives of the underwriters.
Baird, Truist Securities and Piper Sandler are acting as joint
book-running managers for the proposed offering.
A registration statement relating to this offering was declared
effective by the Securities and Exchange Commission on August 6,
2020. The offering is being made only by means of a prospectus.
Copies of the final prospectus, when available, may be obtained
from Citigroup Global Markets Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, at
1-800-831-9146 or by email at Prospectus@citi.com; or RBC Capital
Markets, LLC, Attention: Equity Syndicate Department, 200 Vesey
Street, 8th Floor, New York, NY 10281, at 1-877-822-4089 or by
email at equityprospectus@rbccm.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Forward Looking Statements
This press release includes “forward looking information,”
including with respect to the timing of the closing of the initial
public offering, the anticipated gross proceeds from the offering,
and the commencement of trading of ibex’s common shares on the
Nasdaq Global Market. These statements are made through the use of
words or phrases such as “expect” and similar words and expressions
of the future. Forward-looking statements involve known and unknown
risks, uncertainties and assumptions, including the risks outlined
under “Risk Factors” in the preliminary prospectus and elsewhere in
ibex's filings with the Securities and Exchange Commission, which
may cause actual results to differ materially from any results
expressed or implied by any forward-looking statement. Although
ibex believes that the expectations reflected in its
forward-looking statements are reasonable, it cannot guarantee
future results. ibex has no obligation, and does not undertake any
obligation, to update or revise any forward-looking statement made
in this press release to reflect changes since the date of this
press release, except as required by law.
About ibex
ibex helps the world’s preeminent brands more effectively engage
their customers with services ranging from customer support,
technical support, inbound/outbound sales, business intelligence
and analytics, digital demand generation, and CX surveys and
feedback analytics.
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version on businesswire.com: https://www.businesswire.com/news/home/20200806006162/en/
Rosemary Hanratty, Senior Director of Marketing, 412.539.7099,
rosemary.hanratty@ibex.co
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