Virtusa gets listed on NASDAQ

HYDERABAD, INDIA: Virtusa Corporation has started trading its common stock on the NASDAQ from August 3 under the symbol VRTU.

The pricing of its initial public offering of 4,400,000 shares of its common stock is at a price to the public of $14.00 per share.

The underwriters also have a 30-day option to purchase up to an additional 462,795 shares of common stock from selling stockholders and an additional 197,205 shares of common stock from Virtusa to cover over-allotments, if any. Massachusetts-based Virtusa will not receive any proceeds from the sale of shares by the selling stockholders.

J.P. Morgan Securities Inc. is acting as sole book-running manager while Bear, Stearns & Co. Inc. is the lead manager and Cowen and Company, LLC and William Blair & Company, L.L.C. are serving as co-managers.