IBEX Limited (IBEX) IPO Opens Modestly Lower

Today's IPO for IBEX Limited (NASDAQ: IBEX) opened for trading at $18 after pricing 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.

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.

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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