TDCX Inc., a Singaporean provider of software for e-commerce, set terms for its initial public offering on Monday, with plans to offer 18.8 million American Depositary Shares priced at $16 to $18 each. The company has applied to list on the New York Stock Exchange under the ticker "TDCX." Goldman Sachs and Credit Suisse are underwriting the deal. Proceeds will be used to repay debt and to expand into new markets. "We offer omnichannel CX solutions, sales and digital marketing services and content monitoring and moderation services," the company says in its prospectus. The company had net profit of $33.3 million in the six months through June 30 and revenue of $187.2 million.
Sept. 27, 2021, 7:39 a.m. EDT