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By Hemanth 2:17am ET-TaskUs, Inc. announced today the launch of its initial public offering of 13,200,000 shares of its Class A common stock to be sold by TaskUs and certain of its stockholders. The initial public offering price is currently expected to be between $22.00 and $24.00 per share. The selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 1,980,000 shares of Class A common stock. TaskUs intends to list its common stock on Nasdaq Global Select Market under the symbol “TASK.”TaskUs intends to use the net proceeds received by it from this offering, together with cash on hand, to satisfy payments of approximately $127.4 million in respect of vested phantom shares held by certain current and former employees that will become due upon the completion of this offering, based on the midpoint of the above price range. TaskUs will not receive any net proceeds from the sale of its Class A common stock by the selling stockholders, including from any exercise by the underwriters of their option to purchase additional shares of the Class A common stock from the selling stockholders.Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the offering. BofA Securities, Morgan Stanley, Baird, RBC Capital Markets, Wells Fargo Securities and William Blair are acting as joint book-runners for the offering. Blackstone, TD Securities, BTIG, Fifth Third Securities, AmeriVet Securities, Blaylock Van, LLC, C.L. King & Associates and Penserra Securities LLC are acting as co-managers for the offering.The proposed initial public offering is being made only by means of a prospectus. When available, copies of the preliminary prospectus may be obtained from Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-902-1171, facsimile: 1-212-902-9316 or by emailing prospectus-ny@ny.email.gs.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-212-834-4533 or by emailing at prospectus-eq_fi@jpmchase.com.A registration statement, including a prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.Source: globenewswire