Document

Exhibit 21

Subsidiaries of the Registrant

Jurisdiction of

Entity Organization


72 Consulting LLC			Delaware
72andSunny NL B.V.			Netherlands
72andSunny Partners, LLC			Delaware
72andSunny Pte. Ltd.			Republic of Singapore
72andSunny Pty Ltd			New South Wales
7thfl LLC			Delaware
7thfl LP			Ontario
7thfl, LTD			United Kingdom
A-Alliance LLC			Delaware
A-Alliance UK Ltd			United Kingdom
Ace Content, LLC			Delaware
Ace Dev Fund LLC			Delaware
Activista LLC			Delaware
Advanced Media Platforms LLC			Delaware
Adwired Media Intelligence S.R.L.			Sibiu
Ahteed LLC			Delaware
Allegory LLC			Delaware
Allison & Partners (Thailand) Limited			Bangkok
Allison & Partners Holdings (Thailand) Limited			Bangkok
Allison & Partners LLC			Delaware
Allison and Partners K.K.			Tokyo
Allison Kommunikation GmbH			Berlin
Allison Partners Limited			Wanchai
Allison PR (Beijing) Limited			Beijing
Allison+Partners Singapore Pte Ltd			Republic of Singapore
Allison+Partners UK Limited			United Kingdom
American Voice LLC			Delaware
Anomaly (Shanghai) Advertising Co., Ltd.			Shanghai
Anomaly B.V.			Netherlands
Anomaly GmbH			Berlin
Anomaly Inc.			Ontario
Anomaly London LLP			United Kingdom
Anomaly Partners LA LLC			Delaware
Anomaly Partners LLC			Delaware
Anomaly UK Limited			United Kingdom
Another Anomaly NY LLC			Delaware
Apollo Program II, Inc.			Delaware
Apollo Program LLC			Delaware

Exhibit 21


Ares Media, LLC			Delaware
Around AR LLC			Delaware


Assembly Poland sp.zoo			Poland
Bera.AI LLC			Delaware
Berbenno sp. zoo			Poland
Blue Wall Mail LLC			Delaware
BNG MEA FZ-LLC			UAE
Brand Performance Network LLC			Delaware
Bruce Mau Design (USA) LLC			Delaware
Business Traveler LLC			Delaware
Business Traveller Media Limited			United Kingdom
Code and Theory (SF) LLC			California
Code and Theory LLC			New York
Code and Theory London Limited			United Kingdom
Code and Theory South America LLC			Delaware
Colle & McVoy LLC			Delaware
Collect Understand & Engage LLC			Delaware
Common (Shanghai) Market Research Co., Ltd.			Shanghai
Consulum (Cayman) Limited			Cayman Islands
Consulum Africa (Pty) Ltd			South Africa
Consulum Bahrain CO W.L.L.			Bahrain
Consulum Consulting Services LLC SPC			UAE
Consulum FZE			UAE
Consulum KSA SPC			Saudi Arabia
Consulum Malaysia SDN. Bhd.			Malaysia
Consulum Regional Head Quarter			Saudi Arabia
Consulum UK Limited			United Kingdom
Content Management Corporation			Delaware
Content Management Corporation			Ontario
Core Stagwell LLC			Delaware
CP+B - Crispin Porter & Bogusky Brasil Publicidade e Participacao Ltda			Sao Paulo
Creative Optimization LLC			Delaware
Crispin LLC			Texas
Crispin Porter & Bogusky (Hong Kong) Limited			Hong Kong
Crispin Porter & Bogusky LLC			Delaware
Data2Brands Spolka sp.zoo			Poland
Digital Canvass Targeting & Turnout LLC			Delaware
Doner Partners LLC			Delaware
Doner Partners Network LLC			Delaware
Doner Partners Network LP			Ontario
DonerNorth LP			Ontario
Dyversity Communications Inc.			Ontario

Exhibit 21


Emerald Research Group LLC			Delaware
eSubstance Limited			United Kingdom
Expecting Productions, LLC			California
Forsman & Bodenfors AB			Sweden


Forsman & Bodenfors Canada LP Forsman & Bodenfors Canada SEC			Ontario
Forsman & Bodenfors Inhouse AB			Sweden
Forsman & Bodenfors LLC			Delaware
Forsman & Bodenfors London Ltd			United Kingdom
Forsman & Bodenfors Pte. Ltd.			Republic of Singapore
Forward 3D BV			Netherlands
Forward 3D for Advertisement Saudi Limited			Saudi Arabia
Forward 3D FZ LLC			UAE
Forward 3D Group Limited			United Kingdom
Forward 3D Holdings Limited			United Kingdom
Forward 3D Hong Kong Limited			Hong Kong
Forward 3D Japan KK			Tokyo
Forward 3D Korea Co. Ltd			Republic of Korea
Forward 3D Limited			United Kingdom
Forward 3D Limited (Spain)			Spain
Forward 3D Ltd (Germany)			Hamburg
Forward 3D Ltd (Paris Branch Office)			Paris
Forward 3D Ltd (Taiwan)			Taiwan
Forward 3D Singapore PTE			Republic of Singapore
Forward Internet Group (Shanghai)			Shanghai
Forward3D DMCC			UAE
Forward3D for Marketing Consultancy			Egypt
ForwardPMX Group LLC			Delaware
Gale Creative Agency Private Limited			Bangalore
Gale Partners Inc.			Ontario
Gale Partners LLC			Delaware
Gale Partners LP			Ontario
Gobeyond Studios, Inc.			Philippines
Goodstuff Holdings Limited			United Kingdom
Grason Agency Group LLC			Delaware
Grason Agency HK Ltd.			Hong Kong
Grason Agency LLC			Delaware
Grason Korea Co., Ltd.			Republic of Korea
Happy Forsman & Bodenfors AB			Sweden
Harris Insights and Analytics LLC			Delaware
Harris Poll Canada Inc.			Ontario
Harris Poll US LLC			Delaware
HarrisX LLC			Delaware

Exhibit 21


Hecho Studios LLC			Delaware
Hecho Studios Pte. Ltd.			Republic of Singapore
HPR Partners, LLC			Delaware
Hudson and Sunset Media, LLC			Delaware
Hunter Public Relations UK Limited			United Kingdom
In the Company of Huskies Limited			Ireland


Ink Do Brasil Consultancy & Marketing Services LTD			Sao Paulo
Ink Publishing (HK) LTD			Hong Kong
Ink Publishing (PTE) Limited			Republic of Singapore
Ink Publishing Advertising (Shanghai Co LTD)			Shanghai
Ink Publishing Corporation			Delaware
Instrument LLC			Delaware
Instrument Wizard Wizard LLC			Oregon
IR Oldco LLC			Delaware
Jasper Advisors Group LLC			Delaware
Jemini Consultancy LLC			Oregon
KBP Holdings LLC			Delaware
KBS (Hong Kong) Limited			Hong Kong
KBS (Shanghai) Advertising Co., Ltd.			Shanghai
KBS+P Ventures LLC			Delaware
Kenna Communications LP			Ontario
Kettle Solutions, LLC			New York
KIS Information Services SRL			Barbados
Kreate Many Limited			United Kingdom
Kwittken & Company Limited			United Kingdom
KWT Global LLC			Delaware
KWT Global Ltd.			United Kingdom
L.D.R.S Group Ltd			Israel
Laird + Partners New York LLC			Delaware
Laurie, Foard & Wheeler Limited			Hong Kong
Laurie, Foard + Wheeler LLC			Delaware
Learning to Fly, LLC			Delaware
Left Field Labs, LLC			California
Legend PR Partners LLC			Delaware
Lissted Limited			United Kingdom
LLC Locaria Ukraine			Kyiv
Locaria Canada Inc.			Ontario
Locaria Group LLC			Delaware
Locaria Limited			United Kingdom
Locaria Ltd (Spain)			Barcelona
Locaria NL BV			Netherlands
Locaria SRL de CV			Mexico

Exhibit 21


Many Makers Limited			United Kingdom
Maru Group Inc.			Delaware
Maru Group Limited			United Kingdom
Maru Group US Inc.			Delaware
Maru/Blue UK Limited			United Kingdom
Maru/EDR Canada Inc.			Canada
Maru/edr Limited			United Kingdom
Maru/EDR US LLC			Delaware


Maru/TU Cuentas, LLC			Delaware
Maru/Usurv Limited			United Kingdom
Maxxcom (Barbados) Inc.			Barbados
Maxxcom (USA) Holdings LLC			Delaware
Maxxcom LLC			Delaware
MDC Acquisition LLC			Delaware
MDC Corporate (US) LLC			Delaware
Mediacurrent Interactive Solutions, LLC			Georgia
MG Latin America SRL			Argentina
Midas Corporate Holdco (US) Inc.			Delaware
Mono Advertising, LLC			Delaware
Movers and Shakers LLC			Nevada
MRB4USA Holdings LLC			Delaware
MRB4USA LLC			Delaware
Multi-View Holdings Inc.			Delaware
Multi-View, Inc.			Texas
MVMNT LLC			Delaware
National Research Group, Inc.			California
New Team LLC			Delaware
Nine One Six LLC			Delaware
Northstar Research GP LLC			Delaware
Northstar Research Holdings USA LP			Delaware
Northstar Research Partners (UK) Limited			United Kingdom
Northstar Research Partners (USA) LLC			Delaware
Northstar Research Partners Inc. (ON)			Ontario
OneChocolate Communications Limited			United Kingdom
OneChocolate Communications LLC			Delaware
Pathfinder23 Berbenno sp. zoo			Poland
PMX Agency LLC			Delaware
Polar Bear Development SRL			Argentina
Pros Agencia De Comunicacao Ltda			Sao Paulo
Ramenu S.A.			Uruguay
Redscout LLC			Delaware
Repdef Holdings LLC			Delaware

Exhibit 21


Rhythm Interactive LLC			Delaware
Search Agency Performance Marketing India Private Limited			Bangalore
Sidekick Live Limited			United Kingdom
SKDK Profits Interest LLC			Delaware
SKDKnickerbocker LLC			Delaware
Sloane & Company LLC			Delaware
SMC International Holdings LLC			Delaware
Source Marketing LLC			New York
Stagwell APAC Pte. Ltd.			Republic of Singapore
Stagwell Canada GP Inc.			Ontario


Stagwell Creative Content & Media LLC			Delaware
Stagwell Denmark ApS			Copenhagen
Stagwell Digital Products LLC			Delaware
Stagwell Global LLC			Delaware
Stagwell Government LLC			Delaware
Stagwell Holdco Canada Inc.			Ontario
Stagwell Italy S.R.L.			Milan
Stagwell Market Research LLC			Delaware
Stagwell Marketing Cloud LLC			Delaware
Stagwell Marketing Communications LLC			Delaware
Stagwell Marketing Group Holdings LLC			Delaware
Stagwell Marketing Group LLC			Delaware
Stagwell Marketing Malaysia Sdn Bhd			Malaysia
Stagwell Marketing Spain, SL			Spain
Stagwell Media (NRG) UK Limited			United Kingdom
Stagwell Performance Marketing & Digital Transformation LLC			Delaware
Stagwell Performance Marketing Inc.			Delaware
Stagwell Performance Marketing Management LLC			Delaware
Stagwell Productions LLC			Delaware
Stagwell QR Code Platform LLC			Delaware
Stagwell Team P&G LLC			Delaware
Stagwell Technologies, Inc.			Delaware
Stagwell U.K. Limited			United Kingdom
Storyline Strategies LLC			Delaware
Studio Cypher Limited			United Kingdom
Sundae Collective LLC			Delaware
Syngro Limited			United Kingdom
TargetCast LLC			Delaware
Targeted Communications Global LLC			Delaware
Targeted Holdings LLC			Delaware
Targeted Victory, LLC			Delaware
Team Epiphany Holdings, LLC			Delaware

Exhibit 21


Team Epiphany, LLC			Delaware
Team LP			Ontario
The Arsenal LLC			Delaware
The Arsenal Sports Marketing LLC			Delaware
The People Platform LLC			Delaware
The Search Agency Corporation			Ontario
Tinsel Experiential Design LLC			Delaware
TMA Acquisition LLC			Delaware
Trade X Partners LLC			Delaware
Trailer Productions, LLC			California
Travel Content Limited			United Kingdom
Travel Content LLC			Delaware


Truelogic Software LLC			Delaware
TSGPM IMGT Incentive LLC			Delaware
Ubermetrics Technologies GmbH			Berlin
Unicepta Brasil Ltda			Sao Paulo
Unicepta GmbH			Cologne
Unicepta Holding GmbH			Cologne
Unicepta Information Consulting Ltd			Shanghai
Unicepta Suisse AG			Zurich
Unicepta UK Limited			United Kingdom
Unicepta USA Inc.			District of Columbia
Unlock Surveys Canada Inc.			Canada
Unlock Surveys US LLC			Delaware
Veritas Communications Inc.			Ontario
Vitro Partners LLC			Delaware
VitroRobertson LLC			Delaware
Walker Brook Capital LLC			Delaware
WNP 909 SAS			Paris
WNP Communications SAS			Paris
WNP Studios SARL			Paris
WNP What's Next Partners SAS			Paris
Wolfgang, LLC			Delaware
Wonder Cave LLC			Delaware
Y Media Labs LLC			Delaware
Y Media Labs Private Limited			Bangalore
Yamamoto LLC			Delaware
Yeah Totally! LLC			Delaware
Zyman Group, LLC			Delaware