Skip to Content
Global News Select

Telus International Files for IPO

By Josh Beckerman

 

Telus International, a unit of Canadian telecom company Telus Corp. that operates call centers, has filed for an initial public offering.

The offering is expected to include shares offered by Telus International from treasury and a secondary offering of shares held by Telus Corp. and Baring Private Equity Asia.

On Dec. 31, Telus International bought Lionbridge AI, the data annotation business of Lionbridge Technologies Inc., for cash consideration of $939 million.

For the nine months ended Sept. 30, Telus International had service revenue of $1.14 billion.

Telus Corp.'s NYSE-listed shares rose 1.8% to $21.30 after hours. Telus Corp. also trades on the Toronto exchange. Telus International has applied for listing on the NYSE and the Toronto Stock Exchange under symbol TINT.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

January 08, 2021 19:06 ET (00:06 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.