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Client TaskUs, Inc stock soars +35% after the company’s IPO

Case Story
task-us

The Scenario

TaskUs is a provider of outsourced digital services and next-generation customer experience to innovative and disruptive technology companies, helping its clients represent, protect, and grow their brands. Leveraging a cloud-based infrastructure, TaskUs serves clients in the fastest-growing sectors, including social media, e-commerce, gaming, streaming media, food delivery and ridesharing, HiTech, FinTech, and HealthTech.

TaskUs has approximately 27,500 employees across 18 locations in the United States, the Philippines, India, Mexico, Taiwan, Greece, Ireland, and Colombia.

task2

The Approach

TaskUs saw its stock soar more than 35% Friday after the company’s IPO was initially priced at a midrange $23. TaskUs and certain of its stockholders sold 13.2M Class A shares through the offering. TaskUs President and Co-Founder Jaspar Weir spoke about the company’s incredible growth at the Nasdaq bell ­­ringing ceremony on June 11.

“TaskUs went from just Bryce and me in Santa Monica and five teammates in the Philippines to the global organization we are today – 27,500 employees and growing across eight countries and serving over 100 of the absolute best clients in the whole world,” he said. “We’re having an impact on those companies and in the communities that we operate. So today, we’re here to celebrate how far we’ve come.”

CEO Coaching International CEO and Founding Partner Mark Moses attended the Nasdaq bell ringing along with Coach and Partner Tracy Tolbert to celebrate with the TaskUs team. Moses said the event was particularly special after working closely with Bryce and Jaspar for the better part of the decade, navigating important deals and growing a world-class leadership team.

The Results

At the close of trading on Monday, TaskUs was valued at just over $3B.
Case Story

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