- Thoughtworks Holdings (NASDAQ:TWKS) has priced its IPO of ~36.8M common shares at $21.00/share, consisting of ~16.4M shares to be sold by the company and ~20.4M by certain existing stockholders of Thoughtworks, including funds advised by Apax Partners.
- The company's previous price range was $18-$20.
- Underwriters' over-allotment is an additional ~5.5M shares.
- Nasdaq trading commences on September 15, 2021.
- Closing date is September 17.
- Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation.
- Included in the list of investors are Fidelity, GIC, Siemens and Abu Dhabi sovereign-wealth fund Mubadala.
- The firm has clients such as Telus Corp, Kroger, Natura, Bayer, Credit Suisse and automotive companies like Daimler and Porsche.
- TWKS also announced that its parent company, Turing Holding will be renamed as Thoughtworks Holding before the completion of the IPO process.
- Previously (Sept. 7): Thoughtworks sets terms for IPO that could value Siemens-backed consulting firm at $6B+