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Globant S.A. IPO Info

Globant S.A.

Company Name: Globant S.A.
Stock Symbol: GLOB
Exchange: NYSE
Status: Priced
IPO Date: 7/18/2014
IPO Price: 10.00 (56.20%)
Underwriters
J.P. Morgan, Citigroup, Credit Suisse, William Blair, LOYAL3 Securities, Inc.

Amount of Offering: N/A
Number of Shares Offered: 5.85 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Globant S.A. a new-breed of technology services provider focused on delivering innovative software solutions that leverage emerging technologies and related market trends.
Financial Data
Financial summary from the company: "Our revenues increased from $57.3 million in 2010 to $90.1 million in 2011 and $128.8 million in 2012, representing a compounded annual growth rate (������¢���¯���¿���½���¯���¿���½CAGR������¢���¯���¿���½���¯���¿���½) of 50.0% over the three-year period. We recorded a loss of $1.3 million for 2012, as compared to profit of $7.1 million for 2011 and $5.2 million for 2010, primarily as a result of a $11.7 million share-based compensation charge. There was no share-based compensation charge for 2011 or 2010. Our revenues for the six months ended June 30, 2013 increased by 26.0% to $71.7 million, from $56.9 million for the six months ended June 30, 2012. Our profit for the six months ended June 30, 2013 was $8.0 million, compared to a loss of $5.1 million for the six months ended June 30, 2012."

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