Telus International prices upsized secondary share offering

TELUS International (CDA)

24/09/2021 14:16

** U.S.-listed shares of Telus International  TIXT.N  flat
premarket after secondary offering prices
    ** Canadian business process outsourcing co announces
upsized offering of 14.4 mln shares at $34 by shareholders,
including Baring Private Equity Asia  urn:newsml:reuters.com:*:nBw6Bl6jxa
    ** Deal size boosted from 12 mln shares, prices at 5.2%
discount to stock's Thurs close
    ** Co has ~265.5 mln shares outstanding for ~$9.5 bln market
cap
    ** JP Morgan, Barclays, CIBC and Credit Suisse leading the
offering
    ** The affiliate of Canadian telco Telus Corp  TU.N  went
public in Feb in IPO priced at $25

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))