Latham & Watkins Advises in TDCX’s US$349 million IPO

Latham & Watkins advised the bookrunners in the initial public offering (IPO) of TDCX, a Singaporean headquartered digital customer experience solutions provider, on the New York Stock Exchange (NYSE).

The offering consisted of 19,358,957 American Depositary Shares (ADS), with each ADS representing one Class A ordinary share at a price of US$18 per ADS. The IPO raised US$349 million, taking TDCX’S market value to approximately US$2.6 billion.

Latham & Watkins represented the joint bookrunners Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC in the transaction, with a deal team led by Singapore partner Sharon Lau with associates Stacey Wong and Rachel Wong.

TDCX is a high-growth digital customer experience solutions provider for innovative technology and other blue-chip companies. It offers omnichannel CX solutions, sales and digital marketing services and content monitoring and moderation services