back Back

TDCX announces pricing of Initial Public Offering

By Edlyn Cardoza

October 04, 2021

  • American Depositary Shares
  • Credit Suisse Securities
  • Goldman Sachs & Co. LLC
Share

TDCX, Singapore, USATDCX Inc., a high-growth digital customer experience solutions provider for technology and blue-chip companies, recently announced the pricing of its initial public offering of 19,358,957 American Depositary Shares. Each ADS represents one Class A ordinary share, at a price to the public of US$18 per ADS.

TDCX granted the underwriters a 30-day option to purchase up to an additional 2,903,843 ADS at the initial public offering price, less underwriting discounts, and commissions. The total gross proceeds of the offering are expected to be approximately US$401 million if the underwriters choose to exercise their over-allotment option in full.

The shares began trading on the New York Stock Exchange on 1 October 2021 under the symbol “TDCX”. The offering is expected to close on 5 October 2021, subject to the satisfaction of customary closing conditions.

TDCX intends to use the net proceeds from this offering to repay amounts outstanding under a term loan credit facility affiliated with Credit Suisse and fund general corporate purposes. Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC are acting as the joint bookrunners for the offering.

Founded in 1995, TDCX has grown into a boutique outsourced business service provider in customer experience solutions to high-growth clientele, from a wide range of diverse and thriving industries. TDCX is headquartered in Singapore and has a strong presence in Malaysia, Thailand, Philippines, China, Japan, India, Romania, Spain and Colombia.

Previous Article

October 04, 2021

SumUp appoints Michael Schrezenmaier as the new CEO Europe

Read More
Next Article

October 04, 2021

ADIB launches new wealth management offering, ADIB Wealth portal

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

American Depositary Shares

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 22, 2024

4 Lending platforms facilitating easy access to funds in India

Read More

May 22, 2024

Capchase secures €105m to support financing for SaaS firms in Europe

Read More

May 21, 2024

Suffolk Building Society selects finova to power mortgage offering

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023