The company's stock opened at US$26, compared with its initial public offering price of $21. This was above its targeted price range of $18 to $20.
The company's stock opened at US$26, compared with its initial public offering price of $21. This was above its targeted price range of $18 to $20.
Backed by Germany's Siemens AG, Thoughtworks sold 16.4 million shares in the IPO, raising about $344 million. Other investors, including funds advised by Apax Partners, sold about 20.4 million shares.
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