IBEX Ltd. (IBEX) to Raise $101 Million in IPO

IBEX Ltd. (IBEX) plans to raise $101 million in an initial public offering (IPO) on Friday, August 7th, IPO Scoop reports. The company plans to issue 4,800,000 shares at a price of $20.00-$22.00 per share.

In the last 12 months, IBEX Ltd. generated $392.2 million in revenue and $11.3 million in net income. The company has a market cap of $367.9 million.

Citigroup, RBC Capital Markets and Baird served as the underwriters for the IPO and SunTrust Robinson Humphrey and Piper Sandler were co-managers.

IBEX Ltd. provided the following description of their company for its IPO: ” IBEX is a leading global customer experience (“CX”) company delivering solutions to help the world’s preeminent brands more effectively engage with their customers. The outsourced industry is undergoing a paradigm shift with blue chip companies in traditional industries pivoting toward digitally-enabled marketplaces and increasingly digitally-native consumers. Companies are reacting to this shifting landscape with a relentless focus on CX and customer lifetime value (“LTV”). They are beginning to view their customer contact center providers as essential partners and extensions of their brand rather than cost centers that manage customer interaction.  “.

IBEX Ltd. was founded in 2017 and has 22537 employees. The company is located at Crawford House, 50 Cedar Avenue, Hamilton HM11 Bermuda and can be reached via phone at (441) 295-6500 or on the web at http://www.ibex.co.

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