Telus International announces IPO details, releases preliminary Q4 2020 results

VANCOUVER — As Telus prepares to take its Telus International subsidiary public, the company announced today the expected share price for the initial public offering (IPO) as well as the subsidiary’s preliminary fourth-quarter and full-year 2020 financial results. Telus International is offering 33.33 million of its subordinate voting shares in the IPO, including 21.93 million from treasury and 11.4 million from Telus Corporation and Baring Private Equity Asia (its selling shareholders). Telus says the IPO price is currently expected to be between US$23 and US$25 per share. Following the IPO, Telus is expected to hold approximately 66.6% of the combined...