Keyw Holding prices initial public offering of 9.1 million shares at $10 each
By APFriday, October 1, 2010
Keyw Holding prices initial public offering
NEW YORK — Keyw Holding Corp. on Friday priced its initial public offering of 9.1 million shares at $10 each.
The price was within the company’s initial expectation of $10 to $12 per share. Units began trading Friday on the NASDAQ under the ticker symbol “KEYW.”
Underwriters were granted the option to buy an additional 1,365,000 shares if demand exceeded supply.
Keyw says it will use proceeds from the offering to repay debt and for general corporate purposes, including potential acquisitions. Keyw, based in Hanover, Md., provides online security to the federal government
SunTrust Robinson Humphrey is acting as the book-running manager. FBR Capital Markets & Co., Merriman Capital, and Noble Financial Capital Markets are acting as co-managers.
