Thoughtworks Holding’s $889.7 Million Initial Public Offering

Davis Polk advised representatives of the several underwriters in the offering.

Thoughtworks Holding, Inc. executed the $889.7 million initial public offering of 42,368,421 shares of its common stock (including full exercise of the underwriters’ option to purchase additional shares), of which 25,938,457 shares were sold by the selling stockholders. The common stock is listed on the Nasdaq Global Select Market under the symbol “TWKS.”

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as representatives of the underwriters. 

Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. Thoughtworks is over 9,000 people strong across 48 offices in 17 countries. Over the last 25 years, Thoughtworks has delivered extraordinary impact together with its clients by helping them solve complex business problems with technology as the differentiator.

The Davis Polk capital markets team included partners Michael Kaplan (Picture) and Roshni Banker Cariello, counsel Jake Tyshow and associate Jonathan I. Stempel. Partner Pritesh P. Shah and associates Brette L. Trost and Alison T. Chin provided intellectual property advice. The tax team included partner Po Sit and associate Jacob M. Donnelly. Counsel Marcie A. Goldstein provided FINRA advice.

Involved fees earner: Roshni Banker Cariello – Davis Polk & Wardwell; Alison Chin – Davis Polk & Wardwell; Jacob Donnelly – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Michael Kaplan – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell; Jonathan Stempel – Davis Polk & Wardwell; Brette Trost – Davis Polk & Wardwell; Jake Tyshow – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Goldman Sachs & Co.; J.P. Morgan Securities LLC;