TDCX reports initial public offering pricing

KUALA LUMPUR, Oct 1 -- TDCX Inc (TDCX or the Company), a high-growth digital customer experience solutions provider for technology and blue-chip companies, has announced the pricing of its initial public offering of 19,358,957 American Depositary Shares (ADS).

According to a statement, each ADS represents one Class A ordinary share, at a price to the public of US$18 per ADS. (US$1 = RM4.183)

TDCX granted the underwriters a 30-day option to purchase up to an additional 2,903,843 ADS at the initial public offering price, less underwriting discounts and commissions.

The total gross proceeds of the offering are expected to be approximately US$401 million if the underwriters choose to exercise their over-allotment option in full.

The shares are expected to begin trading on the New York Stock Exchange on Oct 1 under the symbol ‘TDCX’. The offering is expected to close on Oct 5, subject to the satisfaction of customary closing conditions.

TDCX intends to use the net proceeds from this offering to repay amounts outstanding under a term loan credit facility affiliated with Credit Suisse and fund general corporate purposes.

Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC are acting as the joint bookrunners for the offering.

A registration statement relating to these securities was filed with, and declared effective by, the Securities and Exchange Commission on Sept 30.

TDCX has an international footprint with offices in Singapore, the Philippines, Malaysia, Thailand, China, Japan, Spain, India, Colombia and Romania.

-- BERNAMA