UPDATE 1-Booz Allen files for $305.9 mln IPO

* Intends to list on NYSE under “BAH”

* Morgan Stanley, BofA Merrill among underwriters

Nov 4 (BestGrowthStock) – Booz Allen Hamilton Holding Corp filed
with U.S. regulators on Thursday to raise up to $305.9 million
in an initial public offering of common stock.

The McLean, Virginia-based company expects its offering of
14 million shares to be priced between $17-$19 per share.

The underwriters can buy an additional 2.1 million shares
to cover excess demand, the company said in a regulatory
filing.

Morgan Stanley, BofA Merrill Lynch, Barclays Capital and
Credit Suisse are among the underwriters for the IPO.

The company plans to use the proceeds from the offering to
repay debt.

For the quarter ended Sept. 30, the company expects net
income of $14.5 million-$15.0 million, compared with $10.8
million in the same period last year.

Revenue is expected to be between $1.36 billion-$1.38
billion, up from $1.28 billion in the same period last year.

The company, which provides management and technology
consulting services to the U.S. government in the defense,
intelligence and civil markets, intends to list its common
stock on the New York Stock Exchange under the symbol “BAH”.
(Reporting by Sweta Singh in Bangalore; Editing by Jarshad
Kakkrakandy)

UPDATE 1-Booz Allen files for $305.9 mln IPO