Invest in Russia (investinrussia) wrote,
Invest in Russia
investinrussia

EPAM IPO was priced at $12, my valuation was $12.2 (Wow!)

EPAM did IPO at 25% below planned IPO range – at $12. Surprisingly enough, my valuation was at $12.2!

Post with EMAP valuation

Tue Feb 7, 2012 8:46pm EST: The company, which provides IT services focused on software product development, sold 6 million shares at $12 each in its IPO. It had expected to sell $7.4 million shares at $16 to $18 apiece. (Source)

Those who may question the dates in the blog can see my message at seekingalpha.com in comments made at 7 Feb, 02:24 PM EST:

http://seekingalpha.com/article/346661-ipo-preview-epam-systems
Tags: epam, ipo
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