IPO benefits Telus investors

Article Excerpt

TELUS $26.76 is a buy. The company (Toronto symbol T; Shares outstanding: 1.3 billion; Market cap: $34.3 billion; TSINetwork Rating: Above Average; Dividend yield: 4.7%; www.telus.com) controls Telus International in addition to its other operations. This business operates call centres on behalf of corporate clients in North America, Central America, Europe and Asia. Telus International has over 600 clients, including Google, Uber, TikTok, PayPal and Zara. This business operates call centres on behalf of corporate clients in North America, Central America, Europe and Asia. Telus International has over 600 clients, including Google, Uber, TikTok, PayPal and Zara. Telus has now sold shares in Telus International through an IPO that raised $1.36 billion. The new shares trade on the Toronto and New York exchanges under the “TINT” symbol. Telus still holds 55.2% of the new company. Telus Corporation is a buy. buy…