Singapore's TDCX sees growth behind the scenes of ASEAN tech battle

CEO says outsourcing provider aims to serve more consumer-facing companies in Asia

TDCX CEO Laurent Junique: "There is a lot of momentum in the market we operate in, especially in Southeast Asia." (Source photos courtesy of TDCX)

KENTARO IWAMOTO, Nikkei staff writer

October 14, 2021 16:35 JST

SINGAPORE -- A Singaporean company that quietly supports some of the world's best-known digital tech brands enjoyed a moment in the limelight when it went public in New York this month, beating Grab, GoTo and other more visible Southeast Asian unicorns to a U.S. stock market debut.

TDCX, a provider of business process outsourcing (BPO), raised around $400 million in its initial public offering on the New York Stock Exchange on Oct. 1. It was the biggest U.S. IPO by a Southeast Asian company since Singaporean e-commerce group Sea's 2017 debut, according to QUICK-FactSet.