KBR IPO
Premium Content
25 April 2008
US: The sale of a 19% stake in KBR raised US$ 508 million for its parent company Halliburton. The company sold 32 million shares in its wholly-owned subsidiary in November at US$ 17 each, representing 19% of the equity. The initial public offering (IPO) valued KBR at US$ 2.78, but shares have traded as high as US$ 22 since then, almost a +30% rise on the IPO price. KBR had revenues of US$ 10.1 billion last year, and was ranked 22nd in iC ’s league table of the world’s 200 largest construction companies.
STAY CONNECTED
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.
Longer reads
The world’s largest construction companies continue to spend huge sums R&D. But how much exactly?
Sarens and Tadano carry out Dutch demolition project
Robots have been threatening to take over work on construction sites for the past several years and haven’t. Will they eventually?
CONNECT WITH THE TEAM
Neil Gerrard
Senior Editor, Editorial, UK - Wadhurst
Tel: +44 (0) 7355 092 771
E-mail: [email protected]
