IBS Software, which provides IT systems to the global aviation industry, is preparing to go public in a deal that could mark the first US listing from India in four years.
IBS is planning to raise about US$200m through a US listing in the first half of 2015, according to multiple sources.
JP Morgan and Morgan Stanley are working on the transaction.
No Indian issuer has completed a US IPO since August 2010, when online travel booking company MakeMyTrip priced a US$80.5m Nasdaq listing, according to Thomson Reuters data.
Indian equities, however, have enjoyed a resurgence since Narendra Modi’s election victory in May, and the country’s technology sector is attracting no shortage of international interest.
08/11/14 IFR Asia
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IBS is planning to raise about US$200m through a US listing in the first half of 2015, according to multiple sources.
JP Morgan and Morgan Stanley are working on the transaction.
No Indian issuer has completed a US IPO since August 2010, when online travel booking company MakeMyTrip priced a US$80.5m Nasdaq listing, according to Thomson Reuters data.
Indian equities, however, have enjoyed a resurgence since Narendra Modi’s election victory in May, and the country’s technology sector is attracting no shortage of international interest.
08/11/14 IFR Asia
