More on IFCI

A quick look at the website of Fairfax, Virginia-based ICFI (the company that will administer the billions of dollars that are about to come into the state for Katrina recovery)indicates that they have not dealt with any project as large in scale as Katrina recovery. (Who has?) It is a firmly established private company, with 1600 employees. Its backers, Stifel Nicolaus, William Blair, and UBS are big players in IPOs and investment banking.

On May 11, 2006 ICF filed for an IPO offering of $75 million. Possibly this is in order to capitalize what is likely to be an extensive expansion to undertake the Katrina contract. Here's info on the company, its managers and stockholders.

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Does anyone know how long it takes for the SEC to approve an IPO?