TaskUs Sets IPO at 13.2 Million Shares, Sees Pricing at $22-$24 Each

By Colin Kellaher

TaskUs Inc. on Wednesday said it plans to sell about 5.55 million shares at between $22 and $24 apiece in its initial public offering.

At the $23 midpoint of that range, the New Braunfels, Texas, provider of outsourced digital services backed by Blackstone Group Inc. said it expects net proceeds of about $120.7 million.

TaskUs said current shareholders, including private-equity firm Blackstone, plan to sell an additional 7.65 million shares in the offering, bringing the size of the IPO to 13.2 million shares. Blackstone would still hold more than 65% voting power after the IPO.

In a filing with the U.S. Securities and Exchange Commission, TaskUs said it would have about 97.3 million shares outstanding after the IPO, for a market capitalization topping $2.23 billion at the $23-a-share pricing midpoint.

TaskUs said it plans to list its shares on the Nasdaq Global Select Market under the symbol TASK.

Write to Colin Kellaher at [e-mail]

(END) Dow Jones Newswires

06-02-21 0707ET