Genpact was at the mercy of an unpredictable stock market, as it priced in one of the most turbulent weeks that the US equity markets have experienced in the recent past. When the draft document was filed with the Securities and Exchange Commission SEC in mid-May, the Dow Jones Industrial Average was at around 13,300. It continued to rise during the early part of the roadshow, which was launched on July 17, and touched a historical high of 14,000 on July 19.
Then investor panic over the...
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