TaskUs Announces Upsizing and Pricing of Secondary Offering of Class A Common Stock
21 October 2021 - 1:13PM
TaskUs, Inc. (“TaskUs”) announced today the pricing of a previously
announced underwritten public offering of 10,000,000 shares of
TaskUs Class A common stock by certain of its selling stockholders
at a price to the public of $63.50 per share. The offering was
upsized from 10,000,000 shares of Class A common stock to
12,077,480 shares of Class A common stock. The selling stockholders
have also granted the underwriters a 30-day option to purchase up
to an additional 1,811,622 shares of Class A common stock. The
offering is expected to close on October 25, 2021, subject to
customary closing conditions.
TaskUs is not selling any shares of Class A common stock in the
offering and will not receive any of the proceeds from the sale.
TaskUs will bear the costs associated with the sale of such shares,
other than the underwriting discounts.
Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead
book-running managers for the offering. BofA Securities, Morgan
Stanley, Baird, RBC Capital Markets, Wells Fargo Securities and
William Blair are acting as joint book-runners for the offering.
Blackstone, TD Securities, BTIG, Fifth Third Securities, AmeriVet
Securities, Blaylock Van, LLC, C.L. King & Associates and
Penserra Securities LLC are acting as co-managers for the
offering.
The public offering is being made only by means of a prospectus.
When available, copies of the preliminary prospectus and the
prospectus relating to the offering may be obtained from Goldman
Sachs & Co. LLC, Prospectus Department, 200 West Street, New
York, New York 10282, telephone: 1-866-902-1171, facsimile:
1-212-902-9316 or by emailing prospectus-ny@ny.email.gs.com; or
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717, telephone:
1-212-834-4533 or by emailing at prospectus-eq_fi@jpmchase.com.
A registration statement, including a prospectus, which is
preliminary and subject to completion, relating to these securities
has been filed with the Securities and Exchange Commission and has
become effective. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About TaskUs
TaskUs (NASDAQ: TASK) 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. As of June 30, 2021, TaskUs had approximately 31,500
employees across twenty locations in the United States, the
Philippines, India, Mexico, Taiwan, Greece, Ireland and
Colombia.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements include all statements that are
not historical facts. In some cases, you can identify these
forward-looking statements by the use of words such as “outlook,”
“believes,” “expects,” “potential,” “continues,” “may,” “will,”
“should,” “could,” “seeks,” “predicts,” “intends,” “trends,”
“plans,” “estimates,” “anticipates” or the negative version of
these words or other comparable words. These forward-looking
statements include any statements regarding the offering of TaskUs
Class A common stock. Such forward-looking statements are subject
to various risks and uncertainties. Accordingly, there are or will
be important factors that could cause actual outcomes or results to
differ materially from those indicated in these statements. These
factors include but are not limited to those described under “Risk
Factors” in the registration statement relating to the public
offering. These factors should not be construed as exhaustive and
should be read in conjunction with the other cautionary statements
that are included in the registration statement. TaskUs undertakes
no obligation to publicly update or review any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as required by law.
Contact
Alan KatzVP, Investor Relations alan.katz@taskus.com
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