WNS, Warburg Pinkus raise $98m from re-IPO
Indian business services company WNS Holdings and one of its shareholders raised $98.5m from a large share sale last week. Bankers see the deal as the latest re-IPO in Asia Pacific, since the sale represented such a large stake in the company.
US private equity firm Warburg Pinkus and WNS Holdings sold around 20% of the enlarged share capital of the company, offering investors 10.65m American Depository Receipts at a price of $9.25 each.
This represented a 1.59% discount to the stocks trading price of $9.40 on Thursday (the last
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