TaskUs Completes $349 Million IPO

Technology & Services

TaskUs IPO


Summary

TaskUs, Inc. (“TaskUs” or the “Company”) (NASDAQ: TASK), a portfolio company of Blackstone, recently completed an initial public offering of 15,180,000 shares of its Class A common stock at a price of $23.00 per share. The offering generated gross proceeds of $127,722,542 to TaskUs and $221,417,458 to the selling shareholders, inclusive of the underwriters’ overallotment option to purchase up to 1,980,000 additional shares.

Baird served as a bookrunner on this offering.

About

TaskUs is a provider of outsourced digital services and next-generation customer experience to innovative and disruptive technology companies, helping its clients represent, protect and grow their brands. Leveraging a cloud-based infrastructure, TaskUs serves clients in the fastest-growing sectors, including social media, e-commerce, gaming, streaming media, food delivery and ridesharing, HiTech, FinTech and HealthTech. TaskUs has approximately 27,500 employees across eighteen locations in the United States, the Philippines, India, Mexico, Taiwan, Greece, Ireland and Colombia.

Blackstone is one of the world’s leading investment firms, seeking to create positive economic impact and long-term value for investors, the companies they invest in, and the communities in which they work. Blackstone’s $584 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Blackstone is headquartered in New York, New York.
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Technology & Services

TaskUs IPO

Date
June 2021
Company
TaskUs, Inc.
Transaction
Equity Capital Markets
Sectors
Technology & Services
Verticals
Business Process Outsourcing
Human Capital Technology & Solutions
Internet & Communications
Marketing & Information Services
Target Location
North America
Acquiror Location
North America

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