EXL Service files for IPO
Tuesday, 07 December 2004, 20:30 IST
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NEW YORK: ExlService Holdings, Inc. (EXL), a third party business process outsourcing company, announced that it has filed a Registration Statement on Form S-1 with the Securities and Exchange Commission for an initial public offering of common stock. Citigroup Global Markets Inc. and Goldman, Sachs & Co. will act as joint lead book-running managers for the offering. The co-managers for the offering will be Merrill Lynch & Co. and Thomas Weisel Partners LLC. The timing and completion of the offering are subject to market conditions and other contingencies. The offering is subject to final approval by the board of directors of EXL. The registration statement did not include an offering price range or the number of shares to be sold. A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
Source: IANS
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