ManTech stock ascends on first day of trading

ManTech International Corp.'s stock rose nearly 14 percent on its first day of trading Feb. 7, closing at $18.21.

The stock of the Fairfax, Va., company opened at $16, and at one point during trading it hit a high of $18.50.

ManTech, which provides information technology and technical services to U.S. government agencies, offered 6.87 million shares and raised about $115.2 million.

ManTech is the first predominantly government-focused IT company to go public in nearly two years.

On tap for its own initial public offering is Anteon Corp. of Fairfax, Va. Anteon has filed with the Securities and Exchange Commission, but has not set a share price or the date for its IPO.

With the government IT market being one of the few bright spots in an other wise dull economy, analysts and industry officials are expecting other government contractors to make their debut on Wall Street.

About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • VIDEO: Explore the 2019 M&A Trends

    Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.