Genesys selects investment banks for US IPO – source

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Private equity owners of enterprise software maker Genesys have selected underwriters for an initial public offering (IPO) in the United States, 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.

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The IPO could value Genesys at more than $30 billion, but no final decision has been made and the company’s owners may still pursue other options, according to Bloomberg News, which previously reported the news.

The call center technology provider was valued at $21 billion in December, having raised $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 requests for comment from Reuters outside of normal business hours.

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Genesys counts among its customers the payment company PayPal and Microsoft and offers a wide range of call center services through products based on cloud technology.

Genesys also provides services in partnership with Accenture, Amazon Web Services, IBM and Verizon. The company previously said its cloud and subscription bookings more than doubled year-over-year from February to July 2021.

(Reporting by Krystal Hu in New York and Shivani Tanna in Bengaluru; Additional reporting by Bhargav Acharya; Editing by Muralikumar Anantharaman)

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