Singapore tech firm TDCX which specialises in providing customer experience solutions for tech firms has made a filing with the US Securities and Exchange Commission (SEC) for an initial public offering, worth up to USD400m.
In a press release on Tuesday the firm, which describes itself as “a high-growth digital customer experience solutions provider for innovative technology and blue-chip companies”, today announced that it has filed a Registration Statement Form F-1 with the SEC to list American depositary shares on the New York Stock Exchange.
The firm will trade under the ticker “TDCX”.
Clients include Facebook and AirBnB
According to its SEC filing TDCX’s business is made up of three different strands; customer experience solutions, sales and digital marketing services, and content monitoring and moderation services.
At the end of June, TDCX had 43 clients including major tech firms such as Facebook and Airbnb.
The Singapore-based company was founded in 1995 and now has offices in 10 global locations. According to TDCX’s filing its revenue has increased by 140% from 2018 to 2020, during which period it opened new offices in six countries.
Poised for rapid growth
At the end of June 2021, the firm had over 13,000 employees. Company CEO Laurent Junique said that the firm is poised for rapid growth and is set to tap the burgeoning Southeast Asia technology market.
“We believe that we have first mover advantage in Southeast Asia with a unique footprint. Our established positions in key markets allow us to onboard new clients that expand our fast-growing network and provide a strong platform for our geographic reach. We plan to continue to carefully expand our global footprint without losing sight of where our center of gravity is: Asia!”
Goldman Sachs and Credit Suisse are the joint bookrunners on the deal.