WNS (Holdings) Limited, a leading provider of business process outsourcing ("BPO") services primarily to the travel and financial services industries, priced 11.2 million ADS at $20, the high end of its proposed $18-$20 range. The Mumbai, India-based company currently operates nine offshore facilities (including six in India) where it supports organizations with critical business functions such as back office accounting, customer service and data processing. It has quickly grown into one of the top two BPO firms in India with more than $165 million in annualized net revenues. Morgan Stanley, Deutsche Bank Securities and Merrill Lynch acted as the lead underwriters on the deal. The stock is expected to open for trading Tuesday morning under the symbol "WNS" on the NYSE.
