Carlyle's Hexaware Technologies seals $1bn India IPO

Hexaware Technologies Hexaware, a global IT services company, most recently privately owned by global investment firm Carlyle, has listed on the Bombay Stock Exchange BSE and National Stock Exchange NSE in India.

Hexaware’s total IPO issue size of $1 billion marks it as the largest technology services initial public offering IPO globally in over a decade. It is also the largest technology services IPO and largest sponsor-owned IPO in India. The oversubscribed shares, called HEXW.WS, were priced at Rs708 each. Carlyle was looking to sell Rs99.5 billion around $1.2 billion of shares last year, however, the share sale was valued at $1 billion. After the IPO, Carlyle...