ManTech Files IPO
ManTech International Corp. is looking to raise up to $92 million through an initial public offering of stock, money the company will use to fund growth, reduce debt and possibly make acquisitions, according to documents filed Nov. 23 with the Securities and Exchange Commission.
The Fairfax, Va.-based company provides a range of information technology and technical services, primarily to government. ManTech's revenue for 2000 was $378.8 million, and revenue for the nine months ended Sept. 30 was $316.3 million, more than 12 percent higher than the same period last year. About 84 percent of its revenue is derived from defense and intelligence customers.
A date for the sale of stock and a proposed share price has not been set. The offering is underwritten by Jefferies & Co., Los Angeles, and Legg Mason Wood Walker Inc., Baltimore.