OREANDA-NEWS. July 01, 2013. Luxoft Holding, Inc, a subsidiary of IBS Group Holding Limited (“IBS Group”), announced today the pricing of its initial public offering of 4,092,070 Class A ordinary shares at USD17.00 per Class A ordinary share. Luxoft’s Class A ordinary shares are expected to begin trading on the New York Stock Exchange under the symbol “LXFT” on June 26, 2013.

Luxoft is offering 2,046,035 Class A ordinary shares, and another 2,046,035 Class A ordinary shares are being offered by IBS Group. The underwriters have been granted a 30-day over-allotment option to purchase up to 613,810 additional Class A ordinary shares from IBS Group to cover over-allotments, if any. The offering is expected to close on July 1, 2013.

UBS Limited, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, VTB Capital plc and Cowen and Company, LLC are the joint bookrunning managers for the offering. A copy of the final prospectus related to the offering may be obtained when available from UBS Securities LLC, by telephone at 1-888-827-7275 or by mail at Attention: Prospectus Department, 299 Park Avenue, New York, NY 10171; from Credit Suisse Securities (USA) LLC, by telephone at 1-800-221-1037, by mail at Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by email at newyork.prospectus@credit-suisse.com; from J.P. Morgan Securities LLC, by telephone at 1-866-803-9204 or by mail at Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; from VTB Capital plc by telephone at  +1 646-527-6313 or by mail at 452 Fifth Avenue, 23rd Floor, New York NY 10018; or from Cowen and Company, LLC, by telephone at 1-631-274-2806 or by mail at Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717.

A registration statement relating to these securities has been deemed effective by the United States Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.