WNS Holdings completes settlement of IPO
Mumbai, Aug 2 (UNI) WNS (Holdings), the parent company of offshore BPO services provider WNS Global Services Limited, has completed the settlement of its IPO of American Depositary Shares (ADSs).
Announcing this, the company said the offering was priced at USD 20 per ADS on on July 25, 2006, and the company's ADSs began trading on July 26, 2006 on the New York Stock Exchange under the symbol 'WNS'.
On July 27, the under-writers fully exercised their option to purchase up to an additional 1,561,000 ADSs to cover over-allotments, increasing the number of ADSs offered to 12,763,708 from 11,202,708. The total size of the offering increased to USD 255,274,160.
Out of the total offering of 12,763,708 ADSs (with each representing the right to receive one ordinary share of WNS Holdings) sold in the offering, 4,473,684 ADSs were sold by the company, while 8,290,024 ADSs were sold by certain shareholders.
Morgan Stanley&Co International Limited, Deutsche Bank Securities and Merrill Lynch, Pierce, Fenner&Smith were the joint book runners of the offering. Citigroup Global Markets Inc and UBS Securities LLC served as co-managers.
UNI SN GK AW1638