SAIC Employees Union Blogging its IPO
Back in September 2005, DID ran a story covering SAIC’s impending Initial Public Offering (IPO) as it transitioned from an employee-owned consultancy to a publicly-traded corporation. Now Local 1877 of the Service Employees International Union has set up SAIC IPO Watch, a blog about the process. It intends to cover the likely cost of taking SAIC public, including a discussion of who might win and who might lose as a result of the IPO process; as well how the market might respond to a SAIC IPO and how that might impact employees shareholders. It looks interesting as an different point of view on the whole process, and the author(s) appear to be doing their research.
This is definitely a new wrinkle in the industry. SAIC has its own mini-site too, of course, for those who wish to read both viewpoints.