Wall Street action
Anteon Corp. of Fairfax, Va., saw its stock rise more than 11.4 percent to $20.05 during its March 12 debut on Wall Street.
Anteon Corp. of Fairfax, Va., saw its stock rise more than 11.4 percent to $20.05 during its March 12 debut on Wall Street.
The initial public offering price was set at $18 per share. Approximately 15 million shares are being offered, including 4,687,500 for sale by the company and 10,312,500 by the stockholders. Anteon, whose ticker symbol is ANT, expects net proceeds of $76.2 million from the offering.
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 637,500 more shares to cover possible overallotments, which would lift the potential amount raised by the company to $171 million.
At the same time, SRA International Inc. and Veridian Corp. each have filed with the Securities and Exchange Commission for initial public offerings of common stock. Neither company has set its initial share price or the date the company will go public.
Arlington, Va.-based Veridian is seeking to raise $175 million through the IPO, the company said. All of the shares are being offered by Veridian. Veridian's underwriting group is led by Credit Suisse First Boston Corp. of New York. The co-managers of the IPO are Wachovia Securities Corp., CIBC World Markets Inc. and SG Cowen Securities Corp.
SRA of Fairfax, Va., is looking to raise about $86.3 million in its IPO. Its underwriting group consists of Salomon Smith Barney Inc., UBS Warburg LLC, Legg Mason Wood Walker Inc., Raymond James and Associates Inc., Adams, Harkness & Hill Inc. and BB&T Capital Markets of Scott & Stringfellow Inc.
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