RE:Globe & MailQuestion for the forum:
Is there sufficient information to determine how telus stock price is affected by the IPO? I made some basic assumptions that:
Telus ebitda 5.6B/yr
Shares outstanding 1.28B
Telus international ebitda 400M/yr
Market cap / ebitda for high tech companies =15
Any brave souls who want to calculate the impact?
RFguy
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retiredcf - (1/25/2021 12:14:22 PM) Globe & Mail Telus Corp. was up as Telus International, its business and IT services division, kicked off a roadshow to market its initial public offering and is expecting to price its stock at between US$23 and US$25 per share.
Telus International will be offering 33.33 million subordinate voting shares – including 21.93 million from its treasury and 11.40 million from its owners, Telus and Baring Private Equity Asia – when it goes public on the Toronto Stock Exchange and New York Stock Exchange. It will trade under the ticker TIXT.
Telus International expects to raise roughly US$493.9-million if it prices the IPO at US$24 per share, according to its most recently filed prospectus with the U.S. Securities and Exchange Commission.
Telus International runs the digital customer experience for brands such as Fitbit, Uber and online gamer Zynga. It started out 15 years ago as a call centre operator for Telus and a handful of U.S. technology and telecom firms and grew organically and through acquisitions.