Telus International goes public; share price up 30% on TSX

VANCOUVER — Telus International’s initial public offering (IPO) of 37 million subordinate voting shares started trading today on the Toronto Stock Exchange and New York Stock Exchange, with the company setting the initial IPO price at $30.70 (or US$25) per share. At the end of Wednesday’s trading day, Telus International’s share price closed at $39.95 (up 30.13%) on the TSX and US$30.40 (up 21.6%) on the NYSE. The subordinate voting shares are trading under the ticker symbol “TIXT” on both stock exchanges, and the offering is expected to close on February 5, 2021, subject to customary closing conditions. The company...