Luxoft Holding, Inc Announces Closing of Initial Public Offering and Full Exercise of Over-Allotment Option

Luxoft Holding, Inc announced today the closing of its initial public offering of 4,705,880 Class A ordinary shares at $17.00 per Class A ordinary share, which includes the exercise in full by the underwriters of their option to purchase up to 613,810 additional Class A ordinary shares. 2,046,035 of the Class A ordinary shares were offered by Luxoft, and another 2,659,845 Class A ordinary shares, which includes the over-allotment, were offered by its parent, IBS Group Holding Limited. Luxofts ordinary shares are listed on the New York Stock Exchange under the trading symbol LXFT.

Luxoft Holding, Inc Announces Launch of Initial Public Offering

Luxoft Holding, Inc announced today that it has commenced an initial public offering of 4,092,070 Class A ordinary shares pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission. Luxoft will be offering 2,046,035 Class A ordinary shares, and another 2,046,035 Class A ordinary shares will be offered by its parent, IBS Group Holding Limited. The underwriters will be granted a 30-day over-allotment option to purchase up to 306,095 additional Class A ordinary shares from Luxoft and 306,095 additional Class A ordinary shares from the selling shareholder to cover over-allotments, if any.

Luxoft Holding, Inc Files Registration Statement for Proposed Initial Public Offering

Luxoft Holding, Inc, a subsidiary of IBS Group Holding Limited, has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A ordinary shares. The number of shares to be offered and the price range for the offering have not yet been determined. Luxoft has applied to have its Class A ordinary shares quoted on the New York Stock Exchange under the ticker symbol LXFT.