Credit: Shutterstock photoEndava, which provides outsourced IT development services, raised $127 million by offering 6.3 million shares at $20. The company had filed to raise $101 million by offering 5.6 million shares at a range of $17 to $19.
Endava plans to list on the NYSE under the symbol DAVA. Morgan Stanley, Citi, Credit Suisse and Deutsche Bank acted as lead managers on the deal.
The article IT services provider Endava prices upsized IPO above the range at $20 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
