EPAM system lists on NYSE, raises USD 72 million

EPAM Systems Inc, Eastern Europe’s largest software development company, successfully completed its initial public offering of common stock at a price of USD 12 per share on Tuesday, Feb 7.  The company sold a total of 6 million shares to raise USD 72 million, falling short of the targeted 7.4 million shares at a price range of between USD 16 and USD 18 apiece. The shares started trading on the NYSE under the symbol EPAM from Wednesday, Feb 8.