IBEX Holdings, which provides outsourced customer support and marketing services, announced terms for its IPO on Monday.
The Hamilton, Bermuda-based company plans to raise $60 million by offering 4 million shares at a price range of $14 to $16. At the midpoint of the proposed range, IBEX Holdings would command a fully diluted market value of $243 million.
IBEX Holdings was founded in 2004 and booked $353 million in sales for the 12 months ended December 31, 2017. It plans to list on the Nasdaq under the symbol IBEX. Baird, Piper Jaffray, William Blair and SunTrust Robinson Humphrey are the joint bookrunners on the deal. It is expected to price during the week of March 26, 2018.
