Deals
Thoughtworks Rises With Others in Flurry of High-Performing IPOs
- Tech consulting firm’s CEO ‘constant change’ for two decades
- On, Dutch Bros, Definitive Healthcare all climb in debuts
Source: Globe Newswire
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Technology consulting firm Thoughtworks Holding Inc. climbed as much as 40% in its trading debut after raising $773 million in one of four large initial public offerings priced above their marketed ranges.
Leading a burst of U.S. IPOs that delivered first-day gains for investors on Wednesday, the Chicago-based company’s shares closed at $29.39 in New York trading, giving the company a market value of almost $9 billion. The company sold almost 37 million shares for $21 Tuesday after marketing them for $18 to $20.