September 16 - 10:09
Thoughtworks reaches $9bn valuation after New York IPO
Technology consulting firm Thoughtworks reached a $9bn valuation after an initial public offering in New York City that was priced well above range. The company's stock opened at $26, above its targeted price range of $18 to $20. "The market that we operate in is expected to double by 2025 ... We will continue to invest in our service offerings," said Chief Financial Officer Erin Cummins.
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