WNS Holdings (WNS)

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From Streetinsider


WNS (Holdings) Limited (WNS) Prices IPO at $20/ADS
07-25-2006 11:50:17 PM
WNS (Holdings) Limited (NYSE: WNS) priced its initial public offering of 11,202,708 American Depositary Shares (ADSs) at $20, the top end of the $18-$20 expected range. The company's ADSs will begin trading on the New York Stock Exchange on July 26, 2006 under the symbol "WNS".

The offering is being made through an underwriting syndicate including Morgan Stanley, Deutsche Bank Securities, Merrill Lynch, Citigroup and UBS.

WNS Holdings is a provider of offshore business process outsourcing, or BPO, services. The company provides comprehensive data, voice and analytical services that are underpinned by expertise in their target industry sectors. The company began operations as an in-house unit of British Airways in 1996, and started focusing on providing business process outsourcing services to third parties in fiscal 2003.

Some of the company's largest clients include leading global corporations such as Air Canada, AVIVA, British Airways, First Magnus Financial Corporation, GfK, IndyMac Bank, Marsh, SITA, Tesco, Travelocity and Virgin Atlantic Airways

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