Anteon, CACI join chase for investors
Anteon Corp., led by president Joseph Kampf, has scheduled its initial public offering for today, setting its opening share price at $18. Meanwhile, CACI International Inc. said it is making a secondary offering of about 4.3 million shares, priced at $35 a share.
The stock market continues to look attractive to government information technology companies. Anteon Corp. of Fairfax, Va., has scheduled its initial public offering for today with an opening share price of $18.Meanwhile, CACI International Inc., Arlington, Va., said March 7 it is making a secondary offering of about 4.3 million shares, priced at $35 a share. CACI, which is selling all the shares in the offering, has given underwriters a 30-day option to purchase up to an additional 637,500 shares to cover potential over-allotments, which would lift the potential amount raised by the company to $171 million.According to Anteon's March 4 amendment to its SEC filing, the company will offer roughly 4.7 million shares for sale, with other stockholders selling 7.8 million shares. The IPO should raise a total of $200 million, with $76.2 million going to the company and the remainder going to the selling stockholders. Anteon's ticker symbol is ANT.The Anteon and CACI announcements come on the heels of announcements March 6 by SRA International Inc., Fairfax, Va., and Veridian Corp., Arlington, Va., that each has filed with the SEC for IPOs. ManTech International Corp., also of Fairfax, plunged into the stock market, going public Feb. 7. The stock started trading at $16 per share; it closed at $19 March 11.
Joseph Kampf, Anteon Corp. president