TaskUs, which provides outsourced customer support and content review services to tech firms, raised $304 million by offering 13.2 million shares (58% secondary) at $23, the midpoint of the range of $22 to $24. At pricing, the company commands a fully diluted market value of $2.5 billion.
TaskUs is a digital business services outsourcer, focused on serving high-growth technology companies to represent, protect, and grow their brands. The company offers digital customer experience services, content security services, and artificial intelligence operations. As of December 31, 2020, TaskUs had over 100 clients spanning numerous industry segments within the digital economy, including social media, e-commerce, gaming, streaming media, food delivery and ride sharing, HiTech, FinTech and HealthTech.
TaskUs plans to list on the Nasdaq under the symbol TASK. Goldman Sachs, J.P. Morgan, BofA Securities, Morgan Stanley, Baird, RBC Capital Markets, Wells Fargo Securities, and William Blair acted as lead managers on the deal.
