TaskUs (TASK) IPO Seen Pricing Between $22-$24

TaskUs, Inc. announced today the launch of its initial public offering of 13,200,000 shares of its Class A common stock to be sold by TaskUs and certain of its stockholders. The initial public offering price is currently expected to be between $22.00 and $24.00 per share. The selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 1,980,000 shares of Class A common stock. TaskUs intends to list its common stock on Nasdaq Global Select Market under the symbol “TASK.”

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, based on the midpoint of the above price range. TaskUs will not receive any net 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.

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