Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Siemens AG
  6. News
  7. Summary
    SIE   DE0007236101

SIEMENS AG

(SIE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Siemens-backed Thoughtworks valued at $6.4 bln in U.S. IPO

09/14/2021 | 08:00pm 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 its target range, valuing the firm at about $6.4 billion.

The company said it sold 16.4 million shares at $21 per share. Other investors, including funds advised by Apax Partners, sold about 20.4 million shares.

Thoughtworks had previously targeted a price range between $18 and $20 per share, aiming 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.

While it had filed the paperwork with regulators under the name Turing Holding Corp, the company will be changing its name to Thoughtworks Holding Inc.

Shares of the firm are expected to begin trading on Nasdaq under the ticker symbol "TWKS" on Wednesday.

Goldman Sachs, J.P. Morgan and Credit Suisse are the lead underwriters. (Reporting by Shubham Kalia in Bengaluru; editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
PAYPAL HOLDINGS, INC. 0.71% 268.35 Delayed Quote.14.58%
SIEMENS AG 0.14% 141.26 Delayed Quote.20.20%
TELUS CORPORATION 0.22% 27.96 Delayed Quote.10.67%
All news about SIEMENS AG
10/15Atos Joins Catena-X Alliance For Secured Data Exchange
MT
10/15SIEMENS AG : Downgraded to Sell by Barclays
MD
10/14Coding platform GitLab valued at $14.9 billion in strong market debut
RE
10/14Coding platform GitLab valued at $14.9 bln in strong market debut
RE
10/14SIEMENS : UL Wins Siemens Gamesa Contract to Certify Some of Largest Turbines in the Globa..
AQ
10/14SIEMENS AG : Receives a Buy rating from UBS
MD
10/14ST GEORGE MINING : Begins Diamond Drilling at Mount Alexander Project
MT
10/13SIEMENS : Mireo Plus B trains for Hermann-Hesse-Bahn in Baden-Württemberg
PU
10/13STOXX EUROPE 600 : EU Commission OKs Beteiligungsgesellschaft Kreis Düren, Messer Industri..
MT
10/13SIEMENS AG : Gets a Buy rating from RBC
MD
More news
Analyst Recommendations on SIEMENS AG
More recommendations
Financials
Sales 2021 61 547 M 71 394 M 71 394 M
Net income 2021 5 928 M 6 877 M 6 877 M
Net Debt 2021 34 774 M 40 338 M 40 338 M
P/E ratio 2021 19,4x
Yield 2021 2,54%
Capitalization 113 B 131 B 131 B
EV / Sales 2021 2,40x
EV / Sales 2022 2,22x
Nbr of Employees 299 000
Free-Float 88,0%
Chart SIEMENS AG
Duration : Period :
Siemens AG Technical Analysis Chart | SIE | DE0007236101 | MarketScreener
Technical analysis trends SIEMENS AG
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Last Close Price 141,26 €
Average target price 167,08 €
Spread / Average Target 18,3%
EPS Revisions
Managers and Directors
Roland Emil Busch President & Chief Executive Officer
Ralf Peter Thomas Chief Financial Officer
Jim Hagemann Snabe Chairman-Supervisory Board
Hanna Hennig Chief Information Officer
Andreas Christian Hoffmann General Counsel, Head-Legal & Compliance
Sector and Competitors
1st jan.Capi. (M$)
SIEMENS AG20.20%130 827
BERKSHIRE HATHAWAY INC.22.97%643 341
HONEYWELL INTERNATIONAL INC.3.77%152 385
GENERAL ELECTRIC COMPANY20.84%114 600
3M COMPANY4.09%105 277
ILLINOIS TOOL WORKS INC.9.61%70 386