TDCX, which provides customer support and content review services to tech companies, announced terms for its IPO on Monday.
The Singapore-based company plans to raise $319 million by offering 18.8 million ADSs at a price range of $16 to $18. Insiders intend to purchase $6 million worth of ADSs in the offering (2% of the deal). At the midpoint of the proposed range, TDCX would command a market value of $2.4 billion.
TDCX states that it is a digital customer experience solutions provider for innovative technology and other blue-chip companies. Its business comprises three key service offerings: omnichannel customer experience solutions, sales and digital marketing services, and content monitoring and moderation services. The company served 43 clients as of June 30, 2021, including Facebook and Airbnb.
TDCX was founded in 1995 and booked $355 million in revenue for the 12 months ended June 30, 2021. It plans to list on the NYSE under the symbol TDCX. Goldman Sachs, and Credit Suisse are the joint bookrunners on the deal. It is expected to price during the week of September 27, 2021.
