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The KEYW Holding Corporation unveils IPO terms

September 20, 2010

The KEYW Holding Corporation, which provides cybersecurity solutions to defense, intelligence and national security agencies, announced terms for its IPO on Monday. The Hanover, MD-based company plans to raise $100 million by offering 9.1 million shares (9% insider) at a price range of $10-$12. At the mid-point of the proposed range, The KEYW Holding Corporation will command a market value of $297 million. The KEYW Holding Corporation, which was founded in 2008 and booked $72 million in sales for the 12 months ended June 30, plans to list on the NASDAQ under the symbol KEYW. Suntrust Robinson Humphrey is the lead underwriter on the deal, for which timing was not disclosed.