Computer software advisor Thoughtworks aims for $6.1 bln valuation in U.S. listing

The Nasdaq symbol is shown at the Nasdaq Marketplace website in New York September 2, 2015. REUTERS/Brendan McDermid/File Picture

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Sept 7 (Reuters) – Thoughtworks Keeping Inc, a program consultancy business backed by Germany’s Siemens AG (SIEGn.DE), is aiming for a valuation of about $6.10 billion in U.S. initial public providing, its regulatory submitting showed on Tuesday.

The organization aims to promote 36.84 million shares, each and every priced in between $18 and $20, to increase about $736. 8 million.

The 28-12 months-previous agency has consumers such as Canadian wireless provider Telus Corp, U.S. grocery store chain Kroger Co (KR.N) and payments organization PayPal Holdings Inc (PYPL.O).

It filed the paperwork with regulators underneath the identify Turing Holding Corp, but is preparing to modify it Thoughtworks Keeping Inc before the completion of the IPO approach.

The company has utilized to record on the Nasdaq under the image “TWKS”. J.P.Morgan, Goldman Sachs and Credit history Suisse are the direct underwriters.

Reporting by Tiyashi Datta in Bengaluru Enhancing by Saumyadeb Chakrabarty and Arun Koyyur