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- TELUS Corporation declared that it summited its subsidiary TELUS International Inc’s Form F-1 with the US Securities and Exchange Commission (SEC) on January 8. The form is submitted to the SEC for the listing of specific securities by any overseas company.
- The company is also considering applying for an initial public offering (IPO) of its subordinate voting units of TELUS International with the Canadian securities commissions on January 11.
- As part of the proposed plan, TELUS International expects to go public on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE). The company has not disclosed the IPO issue price and number of units it plans to offer.
- This IPO will lead to a reclassification of subordinate voting shares owned by TELUS Corporation, Baring Private Equity Asia, and the selling stakeholders. The company has named its bookkeepers include JP Morgan Securities, Morgan Stanley, and Barclays.
- Meanwhile, TELUS stocks are actively trading on the TMX. Its 10-day average volume stands at 3.25 million units. The telecom stock offers a return on equity of 11.49 per cent. Its current market cap is approximately 34.26 billion. Its present price per stock is C$ 26.55.
TELUS International (TSX: T) Files For IPO On NYSE & TSX
1 min read | January 09, 2021 06:46 AM EST | By
Team Kalkine Media
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