The Telus subsidiary announced an upsized offering of 37 million subordinate voting shares—up from an expected 33.33 million—at the highest end of its expected pricing, at US$25 per share. It’s expected to generate aggregate gross proceeds of US$925 million, or $1.18 billion. (The Logic)
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The Telus subsidiary announced an upsized offering of 37 million subordinate voting shares—up from an expected 33.33 million—at the highest end of its expected pricing, at US$25 per share. It’s expected to generate aggregate gross proceeds of US$925 million, or $1.18 billion. (The Logic)
Talking point: Telus International broke the previous record set by Montreal-based payment-solutions company Nuvei in November 2020. Nuvei raised gross proceeds of US$805 million. Telus International had expected to price shares, which started trading on the New York Stock Exchange and the Toronto Stock Exchange under the symbol TIXT, between US$23 and US$25. It expects to use the funds raised from the offering and to repay money borrowed from its revolving credit facilities. More Telus divisions are expected to go public, including Telus Health and Telus Agriculture.
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