Genesys selects investment banks for US IPO – source

Jan 14 (Reuters) – The private equity owners of business software maker Genesys have selected underwriters for a US initial public offering (IPO), a person familiar with the matter told Reuters on Friday.

Owners Permira Holdings and Hellman & Friedman have attracted JPMorgan Chase & Co, Morgan Stanley and Goldman Sachs Inc., among others, to list the company in the United States this year, the person said.

The IPO could value Genesys at more than $30 billion, but a final decision has not yet been made and the company’s owners may be pursuing other options, according to Bloomberg News, which previously reported the news.

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The call center technology provider was valued at $21 billion in December after raising $580 million in a funding round led by Salesforce Ventures.

JPMorgan, Goldman Sachs, Hellman and Permira all declined to comment. Genesys and Morgan Stanley did not immediately respond to Reuters requests for comment outside of normal business hours.

Genesys counts the payment companies PayPal (PYPL.O) and Microsoft (MSFT.O) among its customers and offers a wide range of call center services through products based on cloud technology.

Genesys also offers services in partnership with Accenture (ACN.N), Amazon Web Services, IBM (IBM.N) and Verizon (VZ.N). The company had previously said that its cloud and subscription bookings more than doubled year-on-year from February to July 2021.

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

Our standards: The Thomson Reuters Trust Principles.

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