Date:04/08/2007 URL: http://www.thehindubusinessline.com/2007/08/04/stories/2007080451551500.htm

Back Virtusa IPO at $14 per share

Our Bureau

Hyderabad, Aug. 3 Virtusa Corporation, an information technology services company, on Friday announced the pricing of its initial public offering of 44,00,000 shares of its common stock at a price to the public of $14 per share. All of these shares are being sold by Virtusa.

The underwriters also have a 30-day option to purchase up to an additional 4,62,795 shares of common stock from selling stockholders and an additional 197,205 shares of common stock from Virtusa to cover over-allotments, if any.

Virtusa will not receive any proceeds from the sale of shares by the selling stockholders.

Virtusa’s common stock begins trade on the Nasdaq Global Market on Friday, August 3, under the symbol “VRTU.” JP Morgan Securities Inc. is acting as sole book-running manager for the offering, with Bear, Stearns & Co. Inc. as the lead manager, and Cowen and Company, LLC and William Blair & Company, L.L.C. serving as co-managers.