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.