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Government contractor Caliburn International shuts down its $100 million IPO

March 5, 2019

Caliburn International, which provides various support and security services for US government agencies, withdrew its plans for an initial public offering on Tuesday. It originally filed in October 2018 with a proposed deal size of $100 million.

The Reston, VA-based company was founded in 2008 and booked $704 million in sales for the 12 months ended September 30, 2018. It had planned to list on the NYSE under the symbol CLBR. Jefferies, BofA Merrill Lynch and SunTrust Robinson Humphrey were set to be the joint bookrunners on the deal.