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Finance Business IPO Review Money economy trading

Finance Business IPO Review Money economy trading

Finance Business IPO Review Money economy trading

Finance Business IPO Review Money economy trading

Finance Business IPO Review Money economy trading

Finance Business IPO Review Money economy trading

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Google moneycurry.comWeb

Business :- Offshore BPO services

Listing :- New York  Stock Exchange (NYSE)

Symbol:- "G"

Overview

Valuations

Offer/Objects

The Offering ( can be change at last moment, subject to demand )

Common stock offered :-  35,294,118 shares of common stock par value $0.01

Common stock outstanding after this offering :-  206,405,587 shares of common stock par value $0.01

Offer price range :- $16.00 and $18.00 per share

Offer Details

 

For details about company/Business/outlook check Overview, For valuation report of issue check Valuations

Common shares offered by company

17,647,059 shares

Common shares offered by the selling shareholders

17,647,059 shares

Common shares to be outstanding immediately after this offering

206,405,587 shares

The underwriters have an option  to purchase up to an additional 5,294,118 common shares to cover over-allotments at the initial public offering price.

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Proceeds

Estimate net proceeds to company from this offering will be approximately US$273 million, after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by company. A $1.00 increase (decrease) in the assumed initial public offering price of US$17.00 per share would increase (decrease) the net proceeds from this offering by approximately US$16.6 million, assuming that the number of shares offered by company remains the same.

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Use of proceeds

  • To repay revolving loan indebtedness outstanding under its credit facility, which on estimate will be approximately $100.0 million at the time of closing of this offering.

  • For working capital and general corporate purposes.

  • To fund any suitable acquisition or investment, although company has no current commitments or understandings to make any such acquisition or investment

Pending such uses, company may invest the net proceeds from this offering in short-term investments. 

Company will not receive any of the proceeds from the sale of shares by the selling shareholders.

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The number of ordinary shares to be outstanding after this offering excludes:

  • Excludes approximately 24.0 million common shares issuable upon the exercise of share options outstanding as of July 13, 2007, of which options to purchase 4,930,972 common shares were vested as of that date.

This article reflects personal view of the author about the company and one must read offer prospectus and consult its financial adviser before making any investment decision

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