Thoughtworks IPO: Riding The Digital Transformation Wave

Thoughtworks, which is a global technology consulting firm, pulled off its IPO today. The company issued 36.8 million shares at $21 each, which was above the $18-to-$20 range. The shares gained 40% to $29 on the debut. 

The CEO of the company, Guo Xiao, joined as a programmer in 1999.  “I still consider myself a technologist,” he said. “I code as a hobby but not for production.”

His technical chops have definitely been critical. After all, Thoughtworks has been a major influencer of key trends in IT since its inception, such as with agile development, microservices, the data mesh and CI/CD (Continuous integration and continuous delivery). 

Note that the company has created

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