Coforge, an Indian provider of IT services and solutions, withdrew its plans for an initial public offering on Wednesday. It originally filed in November 2021 with an estimated deal size of $750 million. The company had not updated its prospectus since July 2022.
Coforge is currently listed on the National Stock Exchange of India and the Bombay Stock Exchange (COFORGE).
The New Delhi, India-based company was founded in 1992 and booked $783 million in revenue for the 12 months ended March 31, 2022. It had planned to list on the NYSE under the symbol COFO. Citi, J.P. Morgan, Barclays, BofA Securities, Evercore ISI, Credit Suisse, and Deutsche Bank were set to be the joint bookrunners on the deal.
