Anteon Poised For IPO

According to recent filings with the Securities and Exchange commission, Anteon will be offering 12.5 million shares of common stock in the initial offering, with an expected IPO price between $15 and $17 a share. The stock will be issued under the symbol "ANT." Goldman Sachs is the lead underwriter and others include Bear, Stearns and Co., Credit Suisse First Boston, Lehman Brothers and Merrill Lynch and Co.

According to its filings with the SEC, the company serves more than 600 government clients, providing them with IT and systems engineering solutions. It grew revenue at a compound annual growth rate of 38 percent from 1996 to 2001, ending last year with $706.6 million in business.

The company is hoping to follow in the successes of fellow military solution providers like CACI International, which has seen shares more than double from $15 to $35 in the last 12 months. This week CACI priced a $149 million secondary offering for trading, with 4.25 million shares priced at $35 each.