Multi-process HRSourcing

Genpact IPO: Common Shares to Begin Trading on NYSE

Genpact Limited, which manages business processes for companies around the world, has priced its initial public offering of 35,294,118 common shares at $14.00 per share. Genpact’s shares began trading on the New York Stock Exchange on August 2, 2007, under the symbol “G”.

Of the total 35,294,118 common shares sold in the offering, the company sold half, while certain shareholders sold the remaining shares; those shareholders included General Atlantic, Oak Hill Capital Partners and the General Electric Company. In connection with the offering, Genpact has granted to the underwriters an option to purchase up to an additional 5,294,118 shares to cover over-allotments.

Genpact intends to use net proceeds from the sale of the shares by the company to repay indebtedness outstanding under its credit facilities and for working capital and general corporate purposes, including potential acquisitions. Genpact will not receive any proceeds from the sale of shares by the selling shareholders.

Morgan Stanley, Citi, and JPMorgan were joint managers and book runners of the offering. Wachovia Securities and Merrill Lynch & Co. served as co-lead managers. Bank of America Securities LLC, Credit Suisse, Deutsche Bank Securities and UBS Investment Bank served as co-managers. A copy of the prospectus relating to the offering can be obtained from the Prospectus Department of Morgan Stanley & Co. Incorporated, 180 Varick Street, 2nd Floor, New York, NY 10024.

Tags: Multi-process HR, Sourcing

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