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Customer support services provider IBEX prices IPO at $19, below the range

August 7, 2020
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IBEX, which provides outsourced customer support and marketing services, raised $90 million by offering 4.8 million shares (75% primary) at $19, below the range of $20 to $22. At pricing, the company commands a fully diluted market value of $358 million.

IBEX plans to list on the Nasdaq under the symbol IBEX. Citi, RBC Capital Markets, Baird, Truist Securities and Piper Sandler acted as lead managers on the deal.