Software consultant Thoughtworks targets $ 6.1 billion valuation in US
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Sept. 7 (Reuters) – Thoughtworks Holding Inc, a software consultancy firm backed by Germany’s Siemens AG (SIEGn.DE), targets a valuation of around $ 6.10 billion when it goes public in the U.S. United, its regulatory record said on Tuesday.
The company aims to sell 36.84 million shares, each priced between $ 18 and $ 20, to raise approximately $ 736. 8000000.
The 28-year-old company has clients including Canadian mobile operator Telus Corp, US supermarket chain Kroger Co (KR.N) and payments company PayPal Holdings Inc (PYPL.O).
It has filed the documents with regulators as Turing Holding Corp, but plans to change it to Thoughtworks Holding Inc before the IPO process is complete.
The company has applied to be listed on Nasdaq under the symbol “TWKS”. JPMorgan, Goldman Sachs and Credit Suisse are the main underwriters.
Report by Tiyashi Datta in Bangalore; Editing by Saumyadeb Chakrabarty and Arun Koyyur