Canada's Telus International aims for nearly $7 bln valuation in IPO

Last year, Canadian waste management firm GFL Environmental Inc raised about $1.4 billion in its IPO, making it one of the largest ever stock market listings in Canada. Telus International said it planned to list its shares on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol "TIXT".

Reuters | Updated: 25-01-2021 20:43 IST | Created: 25-01-2021 20:43 IST
Canada's Telus International aims for nearly $7 bln valuation in IPO

Telus International (Cda) Inc, a subsidiary of wireless carrier Telus Corp., aims to raise as much as $833 million in its initial public offering (IPO), which would give the Vancouver-based company a valuation of nearly $7 billion. The flotation would be one of the largest in recent years for a Canadian company. Last year, Canadian waste management firm GFL Environmental Inc raised about $1.4 billion in its IPO, making it one of the largest ever stock market listings in Canada.

Telus International said it planned to list its shares on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol "TIXT". The company plans to offer 33.33 million shares in its IPO and has set a price range of between $23 and $25 per share.

Telus International said its revenue for the full year ended Dec. 31 was estimated to be between $1.57 billion and $1.58 billion, compared with $1.02 billion a year earlier, according to regulatory filings from the company. [https://bit.ly/3sXwZYi ] Started in 2005, Telus International provides IT services to global brands and counts Cisco Systems Inc, Salesforce.com Inc and Google Cloud among its customers.

J.P. Morgan and Morgan Stanley are the lead underwriters of the offering.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION / BLOG / INTERVIEW

Addressing conflict-related sexual violence at long last

... ...

Why unequal access to coronavirus vaccines is a threat to us all

... ...

India’s love affair with fossil fuels: the path to sustainable development?

... ...

Videos

Latest News

Need for favourable micronutrient fertilizer policy to ensure the food and nutrition security: says Dr Ashok Dalwai - CEO, NRAA, Ministry of Agriculture & Farmers Welfare

NEW DELHI, March 8, 2021 PRNewswire -- To discuss the pressing issues of the sector such as micronutrient deficiency and its impact on agriculture and human health, International Zinc Association in collaboration with Confederation of India...

China Bank goes live with Intellect Wealth's Digital Trust Solution

Chennai Tamil Nadu India Jakarta IndonesiaManila Philippines, March 8 ANIPRNewswire Intellect Design Arena Ltd, a cloud-native, future-ready multi-product FinTech company for the worlds leading financial and insurance clients, today announc...

WIDER IMAGE-Turkish olive farmer battles to save her land from coal mine

Behind Tayyibe Demirels olive groves in southwest Turkey lies a vast, grey expanse, stripped bare by a coal mine eating into the rolling hillside. On the horizon, heavy smoke billows from three giant chimneys of the power plant by the town ...

Woman dies after beaten up by husband in UP

A 35-year-old woman died after she was allegedly beaten up by her husband here, police said on Monday.Kusum got seriously injured after her husband attacked her with an iron rod when she tried to prevent him from drinking. She was admitted ...

Give Feedback