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| KBR launches IPO road show KBR, the engineering, construction and services subsidiary of Halliburton, has commenced the road show for its initial public offering (IPO). The lead underwriters for the offering are Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., and UBS Securities LLC. KBR is offering 27,840,000 shares of its common stock and the underwriters will have an option to purchase a maximum of 4,176,000 additional shares to cover overallotments of shares. The shares are to be traded on the New York Stock Exchange under the symbol "KBR." After the IPO, Halliburton will remain the majority stockholder of KBR, with approximately 83 percent of KBR's outstanding stock (or 81 percent of KBR's outstanding stock if the underwriters exercise their overallotment option in full). write your comments about the article :: © 2006 Construction News :: home page |