TELUS International

TELUS International in its US$563 million secondary offering


TELUS International


US$563 million


Capital Markets

Date Closed

September 2021



Lead Office



On September 28, 2021, TELUS International announced the completion of the upsized underwritten secondary offering subordinate voting shares by certain shareholders of TELUS International, including Baring Private Equity Asia. Pursuant to the offering, 16,560,000 subordinate voting shares were sold by the selling shareholders for US$34 per share for a gross proceeds of US$563 million. The upsized offering was made through a syndicate of underwriters with J.P. Morgan Securities LLC, Barclays Capital Inc., CIBC Capital Markets and Credit Suisse Securities (USA) LLC acting as joint lead book-running managers for the offering. Citigroup Global Markets Inc. and RBC Dominion Securities Inc. also acted as joint book-running managers and Robert W. Baird & Co. Incorporated, BMO Capital Markets, Scotia Capital Inc., TD Securities Inc., Wells Fargo Securities Canada, Ltd. and William Blair & Company, L.L.C. acted as book-running managers for the offering.

TELUS International designs, builds and delivers next-generation digital solutions to enhance the customer experience for global and disruptive brands. 

Osler, Hoskin & Harcourt LLP advised TELUS International with a team consisting of Desmond Lee, James Brown, Amelia Miao and Desmond Christy (Capital Markets) and Patrick Marley and Masoud Tasharofi (Tax).