TDCX’s $401 Million Initial Public Offering

Allen & Gledhill and Maples and Calder advised TDCX Inc. on the initial public offering. Latham & Watkins represented the joint bookrunners in the transaction.

TDCX, a Singaporean headquartered digital customer experience solutions provider, executed its initial public offering (IPO) on the New York Stock Exchange (NYSE).

The IPO, including the exercise of the over-allotment option, raised gross proceeds of US$401 million, taking TDCX’S market value to approximately US$2.62 billion.

TDCX is a high-growth digital customer experience solutions provider for innovative technology and other blue-chip companies. It offers omnichannel CX solutions, sales and digital marketing services and content monitoring and moderation services.

Latham & Watkins represented the joint bookrunners Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC in the transaction, with a deal team led by Singapore partner Sharon Lau (Picture) with associates Stacey Wong and Rachel Wong.

The Maples team included partner Richard Spooner and associate Vivian Lee, Eastern Fong, and Christy Poon. 

The Allen & Gledhill team consisted of Partners Tan Tze Gay and Rhys Goh.

Involved fees earner: Rhys Goh – Allen & Gledhill LLP; Tan Tze Gay – Allen & Gledhill LLP; Sharon Lau – Latham & Watkins; Stacey Wong – Latham & Watkins; Rachel Wong – Latham & Watkins; Eastern Fong – Maples and Calder; Vivian Lee – Maples and Calder; Christy Poon – Maples and Calder; Richard Spooner – Maples and Calder;

Law Firms: Allen & Gledhill LLP; Latham & Watkins; Maples and Calder;

Clients: Credit Suisse Securities Limited; Goldman Sachs & Co.; TDCX Inc.;