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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Apr. 2, 2:32 AM

Slide #21. Globant Secondary Offering

Company: Globant (NYSE:GLOB)
Date announced: 3/23/2015
Shares Offered: 3,473,382
Date of Pricing: 3/27/2015
Price Per Share: $18.50
Secondary Offering Details: Globant S.A. (NYSE: GLOB), a new-breed technology services provider focused on delivering innovative software solutions, today announced that certain of its shareholders have commenced a secondary public offering of 2,906,266 common shares of Globant. The selling shareholders also intend to grant the underwriters a 30-day option to purchase up to 435,942 additional common shares. Globant is not offering any common shares in the offering and will not receive any proceeds from the sale of the common shares. - updated 3/27 - Globant S.A. (NYSE: GLOB), a new-breed technology services provider focused on delivering innovative software solutions, today announced the pricing of its secondary public offering of 3,473,382 common shares by certain of its shareholders, which represents a 20% increase in the amount of shares offered over the 2,906,266 common shares announced at the commencement of the offering on March 23, 2015. The common shares were sold to the public at a price of $18.50 per share. The closing price of the Company's common shares on March 26, 2015 was $18.50 per share. The Company will not receive any proceeds from the sale of common shares by the selling shareholders.

Globant is a technology services provider focused on delivering innovative software solutions by leveraging emerging technologies and related market trends. Co. combines the engineering and technical rigor of IT services providers with the creative approach and culture of digital agencies. Co.'s principal operating subsidiary is based in Buenos Aires, Argentina. Co.'s clients are principally located in North America and Europe. Co. delivers a blend of engineering, design, and innovation to harness the potential of emerging technologies for its clients.
Open the GLOB Page at The Online Investor »

Company Name:  Globant SA
Website:  www.globant.com
Sector:  Information Technology Services
Number of ETFs Holding GLOB:  13
Total Market Value Held by ETFs:  $3.81M
 

Open the GLOB Page at The Online Investor (in a new window) »

April 2, 2015    2:32 AM Eastern
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Strong Buy (4.00 out of 4)
86th percentile
(ranked higher than approx. 86% of all stocks covered)
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