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    Markets > IPOs
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    Hewitt IPO raises $212M
    Human resources outsourcing firm sells 11.15M shares at $19 each via Goldman Sachs.
    June 26, 2002: 7:08 PM EDT

    NEW YORK (CNN/Money) - Hewitt Associates, a provider of human resources outsourcing, raised $211.9 million late Wednesday ahead of its initial public offering.

    Hewitt sold 11.15 million shares at $19 each, near the low end of its $18 to $21 price range, via lead underwriter Goldman Sachs.

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    Lincolnshire, Ill.-based Hewitt is a global provider of consulting and human resources outsourcing services to clients such as Abbott Laboratories, Honeywell International Inc. and Continental Airlines Inc. The 62-year-old Hewitt started as an insurance brokerage firm and now has 91 offices in 39 countries.

    Hewitt plans to trade on the New York Stock Exchange symbol HEW on Thursday.  Top of page

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