RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company or “Bowman”) announced today that it plans to commence the roadshow for its proposed initial public offering of 3,077,000 shares of common stock. The initial public offering price is currently expected to be between $12.00 and $14.00 per share. The Company has applied to list its common stock on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “BWMN”. D.A. Davidson & Co. and B. Riley Securities are acting as the joint bookrunners for this proposed offering. Bowman has granted the underwriters a 30-day option to purchase up to an additional 461,550 shares of common stock solely to cover over-allotments, if any.
The offering will be made only by means of a prospectus. A copy of the prospectus relating to this offering, when available, may be obtained from D.A. Davidson & Co., Attention: Syndicate Department, 8 Third Street North, Great Falls, MT 59401, by telephone at (800) 332-5915 and by e-mail: ProspectusRequest@dadco.com; or B. Riley Securities, Inc., Attention: Prospectus Department, 1300 17th Street N., Suite 1300, Arlington, VA 22209, by telephone at (703) 312-9580 and by e-mail: Prospectuses@brileyfin.com.
A registration statement relating to the proposed sale of these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is an established professional services firm delivering innovative engineering solutions to customers who own, develop, and maintain the built environment. With over 750 employees and more than 30 offices throughout the United Sates, Bowman provides a variety of planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement and other technical services to customers operating in a diverse set of regulated end markets. For more information, visit www.bowman.com.
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering. No assurance can be given that the offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.