Singapore - Skadden Advises TDCX Inc. In Its US$348 Million US IPO.

Legal Analysis & News - Asia Pacific - Singapore - Capital Markets

7 October 2021


Skadden is advising TDCX Inc., a Singapore-headquartered high-growth digital customer experience solutions provider for technology and blue-chip companies, in its listing and initial public offering on the New York Stock Exchange (NYSE).  This is the first US IPO by a Singapore-headquartered company since Sea Ltd.'s NYSE listing in 2017. Trading commenced on October 1, 2021.


TDCX Inc. offered 19,358,957 American Depositary Shares (ADSs) at a price of US$18 each, for a total offer value of US$348.46 million, exclusive of the underwriters' over-allotment option. Each ADS is equal to one Class A ordinary share of the company. 


The Skadden team was led by partners Rajeev Duggal (Singapore) and Jonathan Stone (Hong Kong), with Asia Pacific Counsel Garrick Merlo (Singapore) and associates Marcus Tan (Singapore) and Crystal Kim (Hong Kong). Partners Sean Shimamoto (Palo Alto) and Jessica Hough (Washington, D.C.) and associate Katy Stone (Palo Alto) provided tax advice.


For further information, please contact:

Grace LordMarketing & Communications Specialist, Skadden

[email protected]