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    SIE   DE0007236101

SIEMENS AG

(SIE)
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Siemens-backed Thoughtworks prices IPO above target range, raises $774 mln

09/14/2021 | 07:47pm EDT

Sept 14 (Reuters) - Thoughtworks Holding Inc, a software consultancy company backed by Germany's Siemens AG, said on Tuesday it priced its initial public offering (IPO) above the target range of $18-$20 apiece to raise about $774 million.

The company said it sold 16.4 million shares at $21.00 per share. Other investors, including funds advised by Apax Partners, also sold about 20.4 million shares.

With its previously targeted price range, Thoughtworks had aimed for a valuation of about $6.10 billion.

The 28-year-old firm has clients such as Canadian wireless carrier Telus Corp, U.S. supermarket chain Kroger Co and payments company PayPal Holdings Inc.

The company filed the paperwork with regulators under the name Turing Holding Corp, but is planning to change it to Thoughtworks Holding Inc before the completion of the IPO process. (Reporting by Shubham Kalia in Bengaluru; editing by Uttaresh.V)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
PAYPAL HOLDINGS, INC. -1.16% 240.4 Delayed Quote.2.65%
SIEMENS AG 0.71% 139.56 Delayed Quote.18.75%
TELUS CORPORATION 0.29% 27.87 Delayed Quote.10.23%
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Analyst Recommendations on SIEMENS AG
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Financials
Sales 2021 61 561 M 71 676 M 71 676 M
Net income 2021 5 943 M 6 919 M 6 919 M
Net Debt 2021 34 774 M 40 488 M 40 488 M
P/E ratio 2021 19,1x
Yield 2021 2,57%
Capitalization 111 B 130 B 130 B
EV / Sales 2021 2,37x
EV / Sales 2022 2,20x
Nbr of Employees 299 000
Free-Float 88,0%
Chart SIEMENS AG
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Siemens AG Technical Analysis Chart | SIE | DE0007236101 | MarketScreener
Technical analysis trends SIEMENS AG
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Last Close Price 139,56 €
Average target price 167,08 €
Spread / Average Target 19,7%
EPS Revisions
Managers and Directors
Roland Emil Busch President & Chief Executive Officer
Ralf Peter Thomas Chief Financial Officer
Jim Hagemann Snabe Chairman-Supervisory Board
Hanna Hennig Chief Information Officer
Andreas Christian Hoffmann General Counsel, Head-Legal & Compliance
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