Booz Allen Raises $238 Million in Strong First Day of Trading

Booz Allen Hamilton CEO Ralph Shrader; Photo: Booz Allen

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.

You may also be interested in...

Young Bang, Chief Growth Officer for Atlas Research

Atlas Joins DMI-Led Air Force Enterprise Transformation Contract Team; Young Bang Quoted

Atlas Research is part of a Digital Mobilizations Inc.-led team that won a position on a five-year, $990M contract vehicle to help the U.S. Air Force implement and manage enterprise transformation initiatives.

HIMARS launcher

State Dept OKs $1.8B in HIMARS Launchers, Recce Pods, Missile Purchase Requests From Taiwan

The State Department has approved Taiwan’s request to buy high mobility artillery rocket system launchers, AGM-84H standoff land attack missile-expanded response systems, MS-110 recce pods and related equipment and services under three foreign military sales agreements worth approximately $1.8B combined.