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TELUS Prices Upsized Offering Of 14.4 Mln Shares At $34/shr

TELUS International (Cda) Inc. (TIXT), a designer, builder, and deliverer of the next-generation digital solutions, on Friday, said its upsized secondary offering of 14.4 million shares has been priced at $34 per share. The offering is expected to close on September 28, the Canadian firm said in a statement.

The selling shareholders granted the underwriters a 30-day option to purchase up to an additional 2.16 million subordinate voting shares at the public offering price.

The latest offering, by certain shareholders of TELUS International, including Baring Private Equity Asia, has been increased from the previously announced offering size of 12 million voting shares, the company added.

TELUS International is not selling any subordinate voting shares in the offering and will not receive any proceeds from the sale of the subordinate voting shares by the selling shareholders.

J.P. Morgan Securities LLC, Barclays Capital Inc., CIBC Capital Markets, and Credit Suisse Securities (USA) LLC are acting as joint lead book-running managers for the offering.

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