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Genesys picks investment banks for U.S. IPO – source

Jan 14 (Reuters) – The personal fairness homeowners of enterprise-software program maker Genesys have chosen underwriters for a U.S. preliminary public providing (IPO), an individual conversant in the matter informed Reuters on Friday.

Owners Permira Holdings and Hellman & Friedman have tapped JPMorgan Chase & Co, Morgan Stanley and Goldman Sachs Inc amongst different underwriters for a U.S. itemizing of the corporate this yr, the particular person mentioned.

The IPO may worth Genesys at greater than $30 billion, however a last determination has not been made and the corporate’s homeowners may nonetheless pursue different choices, in response to Bloomberg News, which earlier reported the news.

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The name-heart expertise supplier was valued at $21 billion in December, after elevating $580 million in a funding spherical led by Salesforce Ventures.

JPMorgan, Goldman Sachs, Hellman and Permira declined to remark. Genesys and Morgan Stanley didn’t instantly reply to Reuters’ requests for feedback outdoors common enterprise hours.

Genesys counts funds firm PayPal (PYPL.O) and Microsoft (MSFT.O) as its purchasers and affords a variety of name heart companies by merchandise pushed by cloud expertise.

Genesys additionally supplies companies in partnership with Accenture (ACN.N), Amazon Web Services, IBM (IBM.N) and Verizon (VZ.N). The firm had beforehand mentioned its cloud and subscription bookings greater than doubled yr-over-yr from February until July 2021.

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Reporting by Krystal Hu in New York and Shivani Tanna in Bengaluru; Additional reporting by Bhargav Acharya; Editing by Muralikumar Anantharaman

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