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Teen solves centuries-old math problem
WASHINGTON, June 22 (UPI) -- Virginia government consulting firm Booz Allen Hamilton is going public and will place shares on the New York Stock Exchange, the company said.
The company, a leading strategy and technology consulting firm, submitted necessary paperwork Monday with the Securities and Exchange Commission.
"The offering is subject to applicable economic and capital market conditions," it said. "The company expects to use the net proceeds it receives from the proposed offering to pay down certain existing indebtedness."
DefenseNews reported Booz Allen Hamilton hoped to raise about $300 million.
Booz Allen Hamilton, majority owned by the equity firm The Carlyle Group, headquarters in McLean, Va. It has about 1,300 clients and more than 23,000 employees.
Revenues were reportedly about $5.1 billion in the year ending March 31.
In its registration with the SEC, it said Morgan Stanley & Co. Inc., Barclays Capital Inc., BofA Merrill Lynch and Credit Suisse Securities (USA) LLC are acting as joint book-running managers of the initial offering. Stifel, Nicolaus & Company, Inc., BB&T Capital Markets LLC, Lazard Capital Markets LLC and Raymond James & Associates, Inc. are acting as co-managers.
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