*New Board , New Stock, Great Potential. Please be patient as the DD will take time and the introduction is under construction.
Excerpt from Shane Romig, http://online.wsj.com 7/18/14::
BUENOS AIRES—Argentina's Globant S.A. became the first Latin American software company to launch a public offering on the New York Stock Exchange, with the company's stock rising as much as 30% after the opening bell Friday before giving back some of the gains.
The company's shares closed at $11.25 on Friday, up from an IPO pricing of $10 a share. "It's a great milestone for the company," Chief Executive Martin Migoya said in an interview from New York. The shares had been expected to launch at between $11 and $13 each, but the company decided to lower the price. "We didn't want to push it to a level where investors felt uncomfortable," Mr. Migoya said.
The IPO values Globant at almost $400 million.
Globant S.A. provides various software solutions in North America, Europe, Latin America, and internationally. The company offers content management systems that are designed to allow rich content editing and immediate publishing of up-to-date product data and other information; and e-commerce applications to generate traffic and new sales, and incorporate product catalogs, payment and checkout functions, micro-transactions, search engine marketing, search engine optimization, and reporting, as well as designs and builds portals. It is also involved in the provision of data management solutions for clients in industries that manage daily transactions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services to reduce its clients’ business risks, as well as in the design and development of games, and social and digital platforms that function in Web and mobile channels web, and mobile channels. In addition, the company offers enterprise solutions that enable organizations to enhance internal efficiency and engage employees in bringing new trends and technologies from consumer-facing software solutions into the workplace; visual design, digital marketing, user interface engineering, and user experience services that empower its clients’ businesses; mobile applications and state-of-the-art user interfaces that are able to run in various devices and platforms; and cloud consultancy and implementation, information security, and managed services, as well as Innovation-as-a-Service services. It serves medium- to large-sized companies in a range of industries, such as media and entertainment, professional services, technology and telecommunications, travel and hospitality, banks, and financial services and insurance, as well as consumer, retail, and manufacturing industries. The company, formerly known as IT Outsourcing S.L., was founded in 2003 and is based in Luxembourg.