EPAM Systems to raise $126 mn on NYSE

IT service provider EPAM Systems has announced its terms: $16 to $18 a share for 7.4 mn shares. The company is looking to raise $126 mn in its NYSE IPO (it will trade under EPAM). Seventy-nine percent of the shares are coming from insiders. The company's lead underwriters are C)" href="http://www.insideipo.com/tag/citigroup">Citigroup, UBS, Barclays Capital and RenCap Securities.

Look for the IPO the week of February 6, 2012.

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Source: Renaissance Capital