TaskUs Inc. (TASK) Prices 13.2M Share IPO at $23/Sh

June 11, 2021 6:07 AM EDT
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Price: $30.04 -0.1%

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TaskUs, Inc. (NASDAQ: TASK) today announced the pricing of its initial public offering of 13,200,000 shares of its Class A common stock at a public offering price of $23.00 per share. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,980,000 shares of Class A common stock. The shares are expected to begin trading on the Nasdaq Global Select Market on June 11, 2021 under the symbol "TASK." The offering is expected to close on June 15, 2021, subject to the satisfaction of customary closing conditions.

TaskUs intends to use the net proceeds received by it from this offering, together with cash on hand, to satisfy payments of approximately $127.4 million in respect of vested phantom shares held by certain current and former employees that will become due upon the completion of this offering. TaskUs will not receive any proceeds from the sale of its Class A common stock by the selling stockholders, including from any exercise by the underwriters of their option to purchase additional shares of the Class A common stock from the selling stockholders.

Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the offering. BofA Securities, Morgan Stanley, Baird, RBC Capital Markets, Wells Fargo Securities and William Blair are acting as joint book-runners for the offering. Blackstone, TD Securities, BTIG, Fifth Third Securities, AmeriVet Securities, Blaylock Van, LLC, C.L. King & Associates and Penserra Securities LLC are acting as co-managers for the offering.

The initial public offering is being made only by means of a prospectus.



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