Genpact unveils IPO of 35.3 million shares

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Genpact unveils IPO of 35.3 million shares

Indian BPO giant Genpact has registered its initial public offering (IPO) of 35.3 million shares at an estimated price of $16–18 a share. Genpact expects to raise around $600 million dollars through its IPO, to become the third Indian BPO firm to list in the US after rivals WNS Holdings and EXL Service Holdings. This has come in the wake of an announcement ranking the company as India's largest provider of BPO and ITeS in terms of revenues by the National Association of Software and Service Companies.

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