WNS (Holdings) Completes Settlement of Initial Public Offering; Underwriters Fully Exercise Over-Allotment Option
August 01 2006 - 4:01PM
Business Wire
WNS (Holdings) Limited, the parent company of WNS Global Services
Limited, a leading provider of offshore business process
outsourcing (BPO) services, today announced that it has completed
settlement of its initial public offering of American Depositary
Shares (ADSs). The offering was priced at $20.00 per ADS 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,
2006, the underwriters 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
$255,274,160. Of the total offering of 12,763,708 ADSs (with each
representing the right to receive one ordinary share of WNS
(Holdings) Limited) 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 Inc. and Merrill Lynch, Pierce, Fenner
& Smith Incorporated were the joint book runners of the
offering. Citigroup Global Markets Inc. and UBS Securities LLC
served as co-managers. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction. Copies of the written prospectus for the offering may
be obtained from: Morgan Stanley, 180 Varick Street, 2nd floor, New
York, NY 10024. About WNS (Holdings) Limited and WNS Global
Services WNS (Holdings) Limited is the parent company of WNS Global
Services Limited, a leading provider of offshore business process
outsourcing (BPO) services. We provide comprehensive data, voice
and analytical services that are underpinned by our expertise in
our target industry sectors. We transfer the execution of the
business processes of our clients, which are typically companies
located in Europe and North America, to our delivery centers
located primarily in India.
WNS (NYSE:WNS)
Historical Stock Chart
From Jun 2024 to Jul 2024
WNS (NYSE:WNS)
Historical Stock Chart
From Jul 2023 to Jul 2024