Genesys picks investment banks for US IPO – source
The private equity owners of enterprise-software maker
Genesys have chosen underwriters for a U.S. initial public offering (IPO), a
person familiar with the matter told Reuters on Friday.
Owners Permira Holdings and Hellman & Friedman have
tapped JPMorgan Chase & Co, Morgan Stanley and Goldman Sachs Inc among
other underwriters for a U.S. listing of the company this year, the person
said.
The IPO could value Genesys at more than $30 billion, but a
final decision has not been made and the company's owners could still pursue
other options, according to Bloomberg News, which earlier reported the news.
The call-center technology provider was valued at $21
billion in December, after raising $580 million in a funding round led by
Salesforce Ventures.
JPMorgan, Goldman Sachs, Hellman and Permira declined to
comment. Genesys and Morgan Stanley did not immediately respond to Reuters'
requests for comments outside regular business hours.
Genesys counts payments company PayPal and Microsoft as its
clients and offers a wide range of call center services through products driven
by cloud technology.
Genesys also provides services in partnership with
Accenture, Amazon Web Services, IBM and Verizon. The company had previously
said its cloud and subscription bookings more than doubled year-over-year from
February till July 2021.
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