Globant to price IPO of 3.4 million shares between $11.00 and $13.00

Funds to repay subsidiary’s working capital facility with Bridge Bank

By Devika Patel

Knoxville, Tenn., July 7 – Globant SA will sell 3.4 million common shares in its initial public offering, according to a Form F-1/A filed Monday with the Securities and Exchange Commission. The deal was announced Aug. 27 and includes a secondary sale of 2.9 million shares, with a 30-day secondary greenshoe of 945,000 additional shares.

The shares will be sold at a price expected to fall between $11.00 and $13.00 per share.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC are the joint bookrunning managers. William Blair & Co. LLC and LOYAL3 Securities, Inc. are the co-managers.

Proceeds will be used to repay a company subsidiary’s working capital facility with Bridge Bank, for investments in new offices and IT infrastructure to support growth, for acquisitions or investments and for general corporate and working capital purposes.

The technology services provider is based in Luxembourg. The company intends to list its common stock on the New York Stock Exchange under the symbol “GLOB.”

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