Singaporean digital customer services provider TDCX raises US$349 million in US IPO

TDCX, the Southeast Asian digital customer service and marketing provider to technology firms and blue-chip companies, said on Friday that it had raised US$349 million in an initial public offering (IPO) in New York, making it only the second Singaporean company to publicly list its shares on an American bourse.

The company said it sold 19.4 million American depositary shares at US$18 a share and would begin trading on the New York Stock Exchange (NYSE) later on Friday. The company had targeted selling its shares between US$16 and US$18 a share.