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TaskUs announces closing of upsized secondary offering of Class A common stock

By Edlyn Cardoza

October 26, 2021

  • FinTech
  • Goldman Sachs & Co. LLC
  • J.P. Morgan
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TaskUs, USA, Trade finance, Underwriting, stockholdersTaskUs, Inc. recently announced the completion of the upsized underwritten public offering of 12,077,480 shares of TaskUs Class A common stock by certain of its selling stockholders at a price to the public of $63.50 per share, resulting in gross proceeds to the selling stockholders of over $766.9 million. The selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,811,622 shares of Class A common stock. TaskUs did not sell any shares of Class A common stock in the offering and did not receive any of the proceeds from the sale.

Goldman Sachs & Co. LLC and J.P. Morgan acted as lead book-running managers for the offering. BofA Securities, Morgan Stanley, Baird, RBC Capital Markets, Wells Fargo Securities and William Blair acted as joint book-runners for the offering. Blackstone, TD Securities, BTIG, Fifth Third Securities, AmeriVet Securities, Blaylock Van, LLC, C.L. King & Associates and Penserra Securities LLC acted as co-managers for the offering.

A registration statement, including a prospectus, relating to these securities has been filed with the Securities and Exchange Commission and has become effective.

TaskUs is a provider of outsourced digital services and next-generation customer experience to innovative and disruptive technology companies, helping its clients represent, protect and grow their brands. Leveraging a cloud-based infrastructure, TaskUs serves clients in the fastest-growing sectors, including social media, e-commerce, gaming, streaming media, food delivery and ridesharing, HiTech, FinTech and HealthTech. As of June 30, 2021, TaskUs had approximately 31,500 employees across twenty locations in the United States, the Philippines, India, Mexico, Taiwan, Greece, Ireland, and Colombia.

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