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Wednesday, October 18, 2006

IPO Pricing: Stanley, Inc. (SXE)

Another IT consulting company to the Department of Defense and government agencies has also set its price for its IPO. Stanley, Inc. (SXE), based in Arlington, VA and founded in 1966, has set its 6.3 million share IPO at $13.00. This is also in the middle of the $12.00 to $14.00 range.

The book runner was Citigroup, the lead manager was Wachovia Securities; and co-managers are listed as Raymond James, Cowen, and Stifel Nicolaus.

The company has also had a history of profits. More can be found at the company webite at www.stanleyassociates.com.

Jon C. Ogg
October 18, 2006
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