Software solutions provider Globant files for a $86 million IPO

By Renaissance Capital,

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Globant, an innovative software solutions provider, filed on Tuesday with the SEC to raise up to $86 million in an initial public offering. The Luxembourg-based company, which was founded in 2003 and booked $144 million in sales for the 12 months ended June 30, 2013, plans to list on the NYSE under the symbol GLOB. Globant initially filed confidentially on January 15, 2013. J.P. Morgan, Citi and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.

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