Booz Allen Hamilton (NYSE: BAH) raised $238 million yesterday, marking a strong first day of trading for the government-contracting giant.
The day ended with shares trading at $19.25, more than 13 percent above the initial public offering of $17 per share, according to The Washington Post.
Booz Allen CEO Ralph Shrader told The Post the company has “more visibility to our performance now, and we have a broader group of folks who are going to pay attention to that performance, ”
But he added that he didn’t expect any changes in company strategy or management team on the horizon.
Booz Allen’s strong performance bodes well for today, as GM prepares to sell shares in one of the largest IPOs ever, Tech Journal South reports.