ICF International announced yesterday the close of its public offering of 3, 565, 000 shares of common stock, sold at $24.56 per share. All of the offered shares were sold for a total value of around $83.3 million.
ICF plans to use the proceeds to increase company growth, including looking to new potential acquisitions.The offerings included 465, 000 shares sold after exercise by underwriters.
Canaccord Adams Inc., Stephens Inc., and BB&T Capital Markets were co-managers and William Blair & Company, L.L.C. and Stifel, Nicolaus & Company, Incorporated served as joint bookrunners.