VANCOUVER – Telus Corporation said today Telus International closed the largest tech initial public offering in Toronto Stock Exchange history, with an initial market capitalization of $8.5 billion.
TI’s IPO becomes the fifth largest IPO in TSX history by total proceeds raised and “marks a historic milestone for our team members around the world,” said Telus CEO Darren Entwistle, in a press release.
Telus International designs, builds and delivers next-generation digital solutions to enhance the customer experience (CX) for global brands. The company’s services support the full lifecycle of its clients’ digital transformation journeys and enable them to more quickly embrace next-generation digital technologies to deliver better business outcomes, reminds the press release.
Telus retains shareholder control of TI and is expected to hold approximately 67.8% of the voting power of Telus International and 57.1% of the economic interest.
