With the IPO weakness at the end of June, Luxoft Holding (NYSE:LXFT) provides an interesting Eastern European investment idea. One of the major reasons that Luxoft grabbed attention was the success of EPAM Systems (NYSE:EPAM). That company had an IPO back at the start of 2012 and has seen the stock more than double during that time period.
Luxoft is a leading software development firm with operations based primarily in Russia, Ukraine and Romania. It also has minor operations in locations such as Poland, Vietnam, UK and the US. The company is a global software development services and IT solutions carve out from IBS Group that sold over 2.6 million shares counting the over-allotment amount....
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