Globant gains after pricing upsized equity offering

GLOBANT

26/05/2021 14:05

** U.S.-listed shares of Globant  GLOB.N  up >2% at $221
premarket after IT services firm prices follow-on
    ** Luxembourg-based co sells 1.2 mln shares at $214, raises
$256.8 mln  urn:newsml:reuters.com:*:nEOL20ZGfL
    ** Deal size boosted from 1 mln shares, prices at razor thin
discount to stock's last sale of $215.96
    ** GLOB to use net offering proceeds for general corp
purposes, including working capital, capex and potential
acquisitions
    ** Offering represents ~3% of co's total shares outstanding,
per Refinitiv data
    ** Goldman Sachs, Citigroup and JP Morgan joint bookrunners
    ** Late Mon, GLOB kicked off stock offering and in
regulatory filing revealed it bought 500 bitcoins during Q1
 urn:newsml:reuters.com:*:nL2N2NC1ZK
    ** YTD, GLOB shares off fractionally

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))