HEWITT Associates IPO
Hewitt's IPO will occur soon. They are the largest benefit consulting firm in the US and they have over 12500 employees worldwide. They have revenues of over 1.5 billion a year and have been profitable for many years. They have been around for over 50 years and are well respected everywhere. Year after year they are near the top in 'Best Companies to work for'.
Now what do you folks think of their prospects as a public company? Up until now they have been owned by select employees who have contributed heavily to the company's success. Only current employees have been allowed to own a piece of the company. With the IPO these owners will retain about 88% of the company stock with the IPO ofering the remainder at about $18 to $21 a shrare with 11 million plus shares being offered. |
