IBEX Ltd. (IBEX) Prices 4.76M Share IPO at $19/Sh

IBEX Limited (NASDAQ: IBEX), a leading global provider of outsourced CX solutions, today announced the pricing of its initial public offering of 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. The gross proceeds to ibex from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by ibex, are expected to be $67.9 million. ibex will not receive any proceeds from any sale of shares by the selling shareholder.

The shares are expected to begin trading on the Nasdaq Global Market on August 7, 2020, under the ticker symbol “IBEX,” and the offering is expected to close on August 11, 2020, subject to customary closing conditions.

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.

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