PAYPAL HOLDINGS, INC.

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

01/14/2022 | 08:06pm EDT

Jan 14 (Reuters) - The private equity owners of enterprise-software maker Genesys have chosen underwriters for a U.S. initial public offering (IPO), a person familiar with the matter told Reuters on Friday.

Owners Permira Holdings and Hellman & Friedman have tapped JPMorgan Chase & Co, Morgan Stanley and Goldman Sachs Inc among other underwriters for a U.S. listing of the company this year, the person said.

The IPO could value Genesys at more than $30 billion, but a final decision has not been made and the company's owners could still pursue other options, according to Bloomberg News, which earlier reported https://www.bloomberg.com/news/articles/2022-01-14/genesys-is-said-to-tap-investment-banks-for-ipo-this-year?sref=WJKVI5nK the news.

The call-center technology provider was valued at $21 billion in December, after raising https://www.reuters.com/markets/us/genesys-valued-21-bln-after-latest-funding-round-2021-12-06 $580 million in a funding round led by Salesforce Ventures.

JPMorgan, Goldman Sachs, Hellman and Permira declined to comment. Genesys and Morgan Stanley did not immediately respond to Reuters' requests for comments outside regular business hours.

Genesys counts payments company PayPal and Microsoft as its clients and offers a wide range of call center services through products driven by cloud technology.

Genesys also provides services in partnership with Accenture, Amazon Web Services, IBM and Verizon . The company had previously said its cloud and subscription bookings more than doubled year-over-year from February till July 2021. (Reporting by Krystal Hu in New York and Shivani Tanna in Bengaluru; Additional reporting by Bhargav Acharya; Editing by Muralikumar Anantharaman)


ę Reuters 2022
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Financials (USD)
Sales 2022 28 328 M - -
Net income 2022 2 611 M - -
Net cash 2022 7 715 M - -
P/E ratio 2022 34,3x
Yield 2022 -
Capitalization 89 378 M 89 378 M -
EV / Sales 2022 2,88x
EV / Sales 2023 2,36x
Nbr of Employees 30 900
Free-Float 88,8%
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Mean consensus BUY
Number of Analysts 49
Last Close Price 77,18 $
Average target price 121,62 $
Spread / Average Target 57,6%
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Managers and Directors
Daniel H. Schulman President, Chief Executive Officer & Director
John David Rainey CFO & Executive VP-Global Customer Operations
John J. Donahoe Chairman
Sripada Shivananda Chief Technology Officer & Executive VP
Archana Deskus Chief Information Officer & Senior Vice President
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