WNS: New ADR from India

India is one of the strongest emerging markets and any new public offer from that country in a US stock exchange creates lot of interest and today was no exception.

WNS Holdings Ltd. is the IPO that started trading on the New York Stock Exchange today with the ticker symbol WNS. This is the 10th listing of an ADR (American Depository Receipt) from India. The stock rose to close at $24.50 from its debut price of $20 on volume of about 6.8 million shares.

WNS began operations in 1996 as an in-house unit of British Airways and started focusing on providing business process outsourcing services to third parties in year 2003. The company employs about 10,500 people. WNS Holdings has business with many U.S. firms.

Other 9 Indian ADRs are: Infosys (INFY), Wipro (WIT), Dr. Reddy's Laboratory (RDY), HDFC Bank(HDB), ICICI Bank Ltd (IBN), Satyam Computer Services (SAY), Tata Motors (TTM), Mahanagar Telephone (MTE), Videsh Sanchar (VSL), Silverline Tech (SLTTY), Rediff.com (REDF).