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Technology Business Provider TASKUS Set Terms for $304 Million US IPO

Esther Thin

TaskUs Inc, a technology business service provider, has filed Amendment No 2 to Form S-1 Registration Statement on June 2, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.

The company plans to raise $304 million by offering 13.2 million shares at a price range of $22 to $24. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $2.5 billion.

The company is a digital outsourcer, focused on serving high-growth technology companies to represent, protect and grow their brands. They support client end customers’ urgent needs, navigate an increasingly complex compliance landscape, and handle sensitive tasks, including online content moderation. 

The New Braunfels, Texas-based company was founded in 2008 and booked $478 million in sales for the 12 months ended December 31, 2020. It plans to list on the Nasdaq Global Select Market under the symbol “TASK.” Goldman Sachs and J.P. Morgan are underwriters of the IPO.

The company engages Simpson Thacher & Bartlett LLP as US Securities Counsel, and KPMG LLP as Independent Auditor.

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