Consultancy firm ThoughtWorks’ parent co confidentially files for U.S. IPO – Reuters

Consultancy firm ThoughtWorks’ parent co confidentially files for U.S. IPO – Reuters

June 17 (Reuters) - Software consultancy company ThoughtWorks Inc said on Thursday its parent Turing Holding Corp had confidentially submitted paperwork for an initial public offering in the United States.

ThoughtWorks, which helps firms digitize their operations, was valued at $4.6 billion after a $720 million funding round in January from investors including Singapore's sovereign wealth fund GIC and Germany-based technology company Siemens AG (SIEGn.DE).

Fidelity Management and Research and Abu Dhabi's Mubadala Investment Co are also backers of ThoughtWorks, which counts Delta Air Lines Inc (DAL.N) as one of its clients.