Booz Allen Hamilton has filed an initial public offering with the Securities and Exchange Commission today in hopes to raise $266 million.
The Class A shares will be offered from $17 to $19 apiece, the filing said.
The company went private in 2008 when it was bought by the Carlyle Group. The group now plans to sell Booz Allen Hamilton, but will not as part of this public offering. Booz Allen Hamilton is raising money from the IPO to repay debts of $1.54 billion, according to the filing. Shares will be priced Nov. 16.
“We’re seeing more IPOs, people trying to raise money,” Giri Cherukuri, a manager at Oakbrook Investments, told Bloomberg. “The market environment is getting a little bit better, and there is more confidence in the stock market.”