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Genpact Prices IPO

Genpact Ltd. (f.k.a. Gecis Global), a global business process outsourcing company, raised around $494.11 million from its IPO. The company priced 35.29 million common shares at $14 per share ($16-$18 range), for an initial market cap of approximately $2.89 billion. Genpact will trade on the NYSE under ticker symbol G, while Morgan Stanley, Citi and JPMorgan served as co-lead underwriters. General Atlantic and Oak Hill Capital Partners acquired a 62.63% stake in Gepact from General Electric in 2005, for approximately $500 million (including $375 million in equity).