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2021-09-16

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Siemens-backed Thoughtworks spikes 24% on its first day of trading

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Other investors, including funds advised by Apax Partners, sold about 20.4 million shares.</p>\n<p>Thoughtworks had previously targeted a price range between $18 and $20 per share, aiming for a valuation of about $6.10 billion</p>\n<p>The 28-year-old firm has clients such as Canadian wireless carrier Telus Corp, U.S. supermarket chain Kroger Co and payments company PayPal Holdings Inc.</p>\n<p>While it had filed the paperwork with regulators under the name Turing Holding Corp, the company will be changing its name to Thoughtworks Holding Inc.</p>\n<p>Shares of the firm are expected to begin trading on Nasdaq under the ticker symbol “TWKS” on Wednesday.</p>\n<p>Goldman Sachs, J.P. Morgan and Credit Suisse are the lead underwriters.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Siemens-backed Thoughtworks spikes 24% on its first day of trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSiemens-backed Thoughtworks spikes 24% on its first day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-16 00:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/thoughtworks-ipo/update-1-siemens-backed-thoughtworks-valued-at-6-4-bln-in-u-s-ipo-idUSL4N2QG42M><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Siemens-backed Thoughtworks spikes 24% on its first day of trading.\n\nThoughtworks Holding Inc, a software consultancy company backed by Germany’s Siemens AG, said on Tuesday it priced its initial ...</p>\n\n<a href=\"https://www.reuters.com/article/thoughtworks-ipo/update-1-siemens-backed-thoughtworks-valued-at-6-4-bln-in-u-s-ipo-idUSL4N2QG42M\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWKS":"Thoughtworks Holding Inc."},"source_url":"https://www.reuters.com/article/thoughtworks-ipo/update-1-siemens-backed-thoughtworks-valued-at-6-4-bln-in-u-s-ipo-idUSL4N2QG42M","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173721822","content_text":"Siemens-backed Thoughtworks spikes 24% on its first day of trading.\n\nThoughtworks Holding Inc, a software consultancy company backed by Germany’s Siemens AG, said on Tuesday it priced its initial public offering (IPO) above its target range, valuing the firm at about $6.4 billion.\nThe company said it sold 16.4 million shares at $21 per share. Other investors, including funds advised by Apax Partners, sold about 20.4 million shares.\nThoughtworks had previously targeted a price range between $18 and $20 per share, aiming for a valuation of about $6.10 billion\nThe 28-year-old firm has clients such as Canadian wireless carrier Telus Corp, U.S. supermarket chain Kroger Co and payments company PayPal Holdings Inc.\nWhile it had filed the paperwork with regulators under the name Turing Holding Corp, the company will be changing its name to Thoughtworks Holding Inc.\nShares of the firm are expected to begin trading on Nasdaq under the ticker symbol “TWKS” on Wednesday.\nGoldman Sachs, J.P. 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