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Market Impact: 0.25

Exclusive: EQT-backed IT firm Virtusa seeks $1 billion in India IPO, sources say

EQT
IPOs & SPACsPrivate Markets & VentureTechnology & InnovationEmerging Markets

Virtusa Corp is exploring an IPO in India that could value the IT services firm at $7 billion or more. The potential listing suggests a meaningful monetization event for owner EQT and highlights continued investor interest in technology services and Indian capital markets. The report is exploratory rather than definitive, so near-term market impact is likely limited.

Analysis

Virtusa Corp is exploring an IPO in India that could value the IT services firm at $7 billion or more. The potential listing suggests a meaningful monetization event for owner EQT and highlights continued investor interest in technology services and Indian capital markets. The report is exploratory rather than definitive, so near-term market impact is likely limited.

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