News

TNS to hold IPO

March 15, 2004

RESTON, Va. - TNS Inc., which provides telecommunications services for ATM, credit card and other banking transactions, is planning to hold an initial public offering as early as March 16, according to a Washington Post report.

The company plans to sell 4.42 million shares for $16 to $18 each, according to its filing with the Securities and Exchange Commission. If priced at $18, that would raise $79.56 million.

A company spokeswoman contacted by the Post declined to comment on the offering.