HomeBusinessGenesys picks investment banks for US IPO - source

Genesys picks investment banks for US IPO – source

The non-public fairness house owners of enterprise-software program maker Genesys have chosen underwriters for a U.S. preliminary public providing (IPO), an individual aware of the matter instructed Reuters on Friday.

Owners Permira Holdings and Hellman & Friedman have tapped JPMorgan Chase & Co, Morgan Stanley and Goldman Sachs Inc amongst different underwriters for a U.S. itemizing of the corporate this yr, the individual stated.

The IPO may worth Genesys at greater than $30 billion, however a last choice has not been made and the corporate’s house owners may nonetheless pursue different choices, in keeping with Bloomberg News, which earlier reported the information.

The name-heart know-how supplier was valued at $21 billion in December, after elevating $580 million in a funding spherical led by Salesforce Ventures.

JPMorgan, Goldman Sachs, Hellman and Permira declined to remark. Genesys and Morgan Stanley didn’t instantly reply to Reuters’ requests for feedback exterior common enterprise hours.

Genesys counts funds firm PayPal and Microsoft as its shoppers and affords a variety of name heart providers by merchandise pushed by cloud know-how.

Genesys additionally gives providers in partnership with Accenture, Amazon Web Services, IBM and Verizon. The firm had beforehand stated its cloud and subscription bookings greater than doubled yr-over-yr from February until July 2021.

(Reporting by Krystal Hu in New York and Shivani Tanna in Bengaluru; Additional reporting by Bhargav Acharya; Editing by Muralikumar Anantharaman)

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