Globant Prices IPO - Quick Facts

(RTTNews) - Globant S.A. (GLOB) announced the pricing of its initial public offering of 5.85 million common shares at a price to the public of $10.00 per share. The company is issuing and selling 4.35 million common shares and the selling shareholders are selling a total of 1.5 million common shares.

The shares are expected to begin trading on the NYSE on July 18, 2014, under the symbol, GLOB.

Globant intends to use the net proceeds for capital expenditures and investments, for general corporate purposes and to repay indebtedness. The company will not receive any proceeds from the sale of common shares to be offered by the selling shareholders.

Globant is a new-breed technology services provider focused on delivering innovative software solutions by leveraging emerging technologies and trends.