NEW YORK - China-based information technology (IT) services provider iSoftStone Holdings Ltd priced its initial public offering (IPO) at the top of the expected range on Monday, according to an underwriter.

The company and shareholders sold 10,833,334 American depositary shares (ADS) for $13 each, raising about $140.8 million. They had planned to sell 10.8 million shares for $11 to $13 each.

The underwriters had reserved up to 650,000 ADS for directors, officers, employees and other related persons at the request of the company.

A unit of Singapore's Temasek Holdings was expected to purchase $20 million worth of ordinary shares in a separate transaction alongside the IPO, according to a regulatory filing.

ISoftStone is based in Beijing. It sells IT services to companies including Huawei Technologies, Bank of China, China Life, UBS, International Business Machines Corp, Microsoft Corp, Sharp Corp, Alcatel-Lucent and AT&T.

Net revenue grew to $135.2 million in the first nine months of the year, 50.2 percent ahead of where it was in the year-earlier period. However, ordinary shareholders swung to a per-share loss of two cents from a one cent profit over the same period.

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Much of iSoftStone's revenue is on a nonexclusive, project-by-project basis, the company said in a regulatory filing.

ISoftStone said it would use its share of IPO proceeds to repay outstanding bank borrowings and for general purposes. Sellers in the IPO include AsiaVest Opportunities Fund and Infotech Entities.

UBS Investment Bank, JPMorgan and Morgan Stanley led the underwriters on the IPO. The shares are expected to begin trading on the New York Stock Exchange on Tuesday under the symbol "ISS."