Thoughtworks Holding $889.7 million IPO
Davis Polk advised representatives of the several underwriters in connection with the $889.7 million initial public offering by Thoughtworks Holding, Inc. of 42,368,421 shares of its common stock (including full exercise of the underwriters’ option to purchase additional shares), of which 25,938,457 shares were sold by the selling stockholders. The common stock is listed on the Nasdaq Global Select Market under the symbol “TWKS.”
Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. Thoughtworks is over 9,000 people strong across 48 offices in 17 countries. Over the last 25 years, Thoughtworks has delivered extraordinary impact together with its clients by helping them solve complex business problems with technology as the differentiator.
The Davis Polk capital markets team included partners Michael Kaplan and Roshni Banker Cariello, counsel Jake Tyshow and associate Jonathan I. Stempel. Partner Pritesh P. Shah and associates Brette L. Trost and Alison T. Chin provided intellectual property advice. The tax team included partner Po Sit and associate Jacob M. Donnelly. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.