Shares of IT firm Coforge jump 4.3% to Rs 5,734 at close on US IPO plans

The company said it filed Registration Statement on Form F-1 with the US Securities and Exchange Commission for a proposed offer of American depositary shares

Shares of Coforge jumped 4 per cent on Tuesday after the company announced its plan to list in the US. The global IT services company said it filed Registration Statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of American depositary shares (ADS).

The number of equity shares to be represented by each ADS, the number of ADS to be offered and the price range for the proposed offering have not yet been determined, Coforge said in a release.

Its stock rose 4.3 per cent to end at Rs 5,734,