Outsourcing firm to go public
Indian firm WNS Holdings aims to make its market debut on the Big Board.
July 4 2006: 10:00 AM EDT

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."

Related: Why IPOs are hurting

Plus: The world's most modern management - in India Top of page
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.
© 2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .