Outsourcing firm to go public
Indian firm WNS Holdings aims to make its market debut on the Big Board.

NEW YORK (CNNMoney.com) -- Indian outsourcing firm WNS Holdings intends to raise about $74 million through an initial public offering, according to a filing made with the Securities and Exchange Commission Monday.

About 10.4 million American Depositary Shares will be offered to underwriters - 4.47 million from the company and about 5.96 million from existing shareholders, according to the filing.

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WNS estimates its shares to price between $18 to $20 a share and said it expects to raise about $73.9 million from the offering, after the deduction of underwriting costs.

The Mumbai-based company provides offshore business outsourcing services to customers in Europe and North America. Some of its biggest clients include Travelocity, British grocer Tesco and Virgin Atlantic Airways, according to its filing.

The company expects to list on the New York Stock Exchange under the symbol "WNS."


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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.