Thoughtworks stock raced 50% higher after its IPO. It could be the start of a massive rally, or it may have peaked too soon.
If it’s climbing higher, it’s a stock to buy sooner than later. We’ll tell you the deal…
Thoughtworks Holdings Inc. (NASDAQ: TWKS) shares went for $21 at its IPO price, then it started trading at $26. Both numbers were greater than the target range of $18 to $20.
As a result, the IPO raised $344 million on 16.4 million shares. The company’s value came in at a $9 billion market cap.
A higher than expected valuation....More>>>