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Booz Allen Hamilton Shares up after IPO
Booz Allen Hamilton (NYSE: BAH) enjoyed a successful first day of trading on the New York Stock Exchange following its announcement yesterday of an initial public offering of 14,000,000 shares of Class A common stock at $17.
In the early hours of trading, the stock gained ground, reaching $19 by the morning, according to ABC News.
According to the firm, underwriters may purchase up to 2.1 million additional shares at the initial offering price less the underwriting discounts and commissions to cover over-allotments.
The firm previously traded publicly from 1970 until 1976