indian-outsourcing-firm-prices-us-ipo-at-top-end

Indian outsourcing firm prices US IPO at top end

The size of the WNS offering increased to $224 million as heavy oversubscription allowed British Airways to sell all its shares.
The strong interest in the roadshow for IndiaÆs first business process outsourcing BPO firm to seek a public listing did convert into actual orders at a rate which allow the company both to increase the size of the deal and to price it at the top of the range.

WNS Holdings raised $224 million after fixing the price at $20 per unit, although only 40% of that will go to the company as the rest of the offering consisted of secondary shares that were sold by existing shareholders.

The final price values the company at 35.7 times its fiscal 2006 earnings, which totaled $18.3 million or $0.56 per share. The company turned profitable in fiscal...
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