Thoughtworks Holding, which provides digital consulting and software development services, raised $774 million by offering 36.8 million shares (55% secondary) at $21, above the range of $18 to $20. Existing shareholder Neuberger Berman had indicated on up to $70 million worth of shares in the offering (9% of the deal).
Thoughtworks states that it is a leading premium global technology consultancy, providing premium, end-to-end digital strategy, design, and engineering services to help companies navigate their digital transformation journeys. The company has over 300 current clients across a variety of industry verticals and geographies.
Thoughtworks Holding plans to list on the Nasdaq under the symbol TWKS. Goldman Sachs, J.P. Morgan, Credit Suisse, BofA Securities, Citi, RBC Capital Markets, HSBC, Baird, Cowen, Nomura Securities, Piper Sandler, Wedbush Securities, and William Blair acted as joint bookrunners on the deal.
