After raising nearly three quarters of a billion dollars this year, Chicago-based ThoughtWorks is planning to go public.
The tech consultancy announced Thursday that its parent company, Turing Holding Corp., has confidentially filed for a public offering. The number of shares and the price range for the proposed IPO have not been determined, the company said.
In January, ThoughtWorks raised $720 million in funding from Singapore sovereign wealth fund GIC, Siemens AG, Fidelity Management and Research, and Mubadala Investment Company. That funding valued the business at $4.6 billion.
In 2017, ThoughtWorks was acquired by London private equity firm Apax Partners for an undisclosed price.
Founded in 1993 by Neville Roy Singham, ThoughtWorks provides software design and tech consulting services to clients like Delta, Porsche and Sonic. The company has more than 7,000 employees around the globe in 46 offices across 15 countries.
ThoughtWorks is led today by CEO Guo Xiao, who took the chief executive role in 2013. He first started at the company in 1993 as a programmer.
