7 Key Things About the Upcoming TDCX (TDCX) IPO

TDCX Inc. (NYSE: TDCX), the Singapore-based company that provides software for e-commerce businesses, is preparing to go public later this week. Here are key factors about the upcoming TDCX IPO.

1. TDCX IPO Date - TDCX is due to go public on October 1, 2021. TDCX stock will start trading under the ticker symbol “TDCX” on the New York Stock Exchange (NYSE). Generally, shares that make their public stock market debuts start trading between 10 AM - 2 PM ET.

2. TDCX IPO Pricing - The company priced its shares between $16.00 and $18.00.

3. Shares Offered - TDCX is looking to sell 18,772,000 shares. The S-1 filing shows the number of outstanding shares after IPO offering would be 142,272,000.

4. TDCX IPO Valuation - The company plans to raise $319 million at the midpoint of the pricing range. TDCX plans to use the raised funding to repay debt and to expand into new markets. TDCX is seeking a valuation of between $2.27 billion to $2.56 billion.

5. TDCX Ownership - Following the completion of this IPO, founder and CEO Laurent Junique will own 86.8% of the then total issued and outstanding ordinary shares and 98.5% of the total voting power.

6. TDCX IPO Underwriters - Goldman Sachs and Credit Suisse are underwriters for the IPO.

7. TDCX Financials - For the six months ended June 30 this year, TDCX generated sales of S$251.6 million (US$187.2 million) and a profit of S$44.8 million (US$33.3 million). EBITDA came in at S$78.2 million (US$58.2 million). For the same six-month period, the profit margin was reported at 17.8%.

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