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WNS jumps 7% in market debut Indian outsourcing firm raises $89.5 million from IPO; shares rally. NEW YORK (CNNMoney.com) -- Shares of Indian outsourcing firm WNS jumped 7 percent in their first day of trading on the New York Stock Exchange Wednesday. American Depositary Shares (ADS) of WNS rose to $21.45 a share in morning trading, up from their offering price of $20 a share. WNS raised $89.5 million by selling 4.47 million ADSs to underwriters, according to a SEC filing made Wednesday. Some of that money will be used to pay underwriting fees. The ADSs priced at the upper end of the estimated price range of $18 to $20 a share. Existing shareholders offered 6.73 million ADSs to underwriters, up from the originally planned 5.96 million. Bombay-based WNS provides so-called business process outsourcing services, which include entire functions like loan processing for banking clients and providing customer service for airlines. |
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