EPAM Systems (EPAM) IPO Trades Higher After Weak Pricing

February 8, 2012 9:41 AM UTC
The IPO for EPAM Systems, Inc. (NYSE: EPAM) is open for trading. Shares are trading at $13.80 after pricing 6 shares at $12, below the expected $16-$18 range. The company had planned to sell 7.4 million shares.

The offering was led by Citigroup, UBS Investment Bank, Barclays Capital and RenCap.

EPAM Systems is a leading global IT services provider focused on complex software product development services, software engineering and vertically-oriented custom development solutions.


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