Telus International CDA: Brokerages initiate coverage post IPO quiet period

TELUS International (CDA)

01/03/2021 14:01

** At least nine brokerages initiate coverage on U.S.-listed
shares of customer experience provider  TIXT.N  as the IPO quiet
period ends
    ** Shares up 2.3% at $29.81 premarket in light volumes
    ** Co offered 37 mln subordinate voting shares in IPO,
raising about $925 mln last month  urn:newsml:reuters.com:*:nL4N2K948R 
    ** BofA Global Research says TIXT is a "differentiated
provider" with its high digital and omni-channel mix and unique
exposure to content moderation
    ** "We believe sustained acquisition activity can enable
greater diversification and upward migration at TIXT
particularly toward higher-value "change the business" digital
work" - Morgan Stanley
    ** J.P.Morgan says co exhibits the attractive financials
needed to be recommended as growth idea in IT Services
    ** J.P. Morgan, Morgan Stanley, Barclays, BofA Securities
and Citigroup were among the underwriters to IPO  urn:newsml:reuters.com:*:nL4N2JK01H
    ** TIXT down 4.2% since its NYSE debut on Feb. 3

 (Reporting by Tapanjana Rudra)
 ((Tapanjana.Rudra@thomsonreuters.com;))