Luxoft Holding Inc, a provider of software development services and IT solutions, announced it has commenced an initial public offering of 4,092,070 Class A ordinary shares. Luxoft will be offering 2,046,035 Class A ordinary shares, and another 2,046,035 Class A ordinary shares will be offered by its parent, IBS Group Holding Limited.
The company said the underwriters will be granted a 30-day over-allotment option to purchase up to 306,095 additional Class A ordinary shares from Luxoft and 306,095 additional Class A ordinary shares from the selling shareholder to cover over-allotments, if any.
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