{"id":7304,"date":"2019-05-07T16:05:24","date_gmt":"2019-05-07T23:05:24","guid":{"rendered":"https:\/\/origin-www.parsons.com\/?p=7304"},"modified":"2019-05-07T16:59:15","modified_gmt":"2019-05-07T23:59:15","slug":"parsons-corporation-announces-pricing-of-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.parsons.com\/2019\/05\/parsons-corporation-announces-pricing-of-initial-public-offering\/","title":{"rendered":"Parsons Corporation Announces Pricing of Initial Public Offering"},"content":{"rendered":"
<\/span><\/p>\n CENTREVILLE, Va.<\/span>,\u00a0May 7, 2019<\/span>\u00a0\/PRNewswire\/ —\u00a0Parsons Corporation (“Parsons”), a provider of technology-driven solutions in the defense, intelligence and critical infrastructure markets, today announced the pricing of its initial public offering of 18,518,500 shares of its common stock at a price to the public of\u00a0$27.00<\/span>\u00a0per share. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 2,777,775 shares of common stock. The shares are expected to begin trading on the New York Stock Exchange on\u00a0May 8, 2019<\/span>, under the ticker symbol “PSN.” The closing of the offering is expected to occur on\u00a0May 10, 2019<\/span>, subject to the satisfaction of customary closing conditions.<\/p>\n Goldman Sachs & Co. LLC, BofA Merrill Lynch and Morgan Stanley are serving as joint lead book-running managers for the offering. Jefferies and Wells Fargo Securities are serving as Senior Co-Managers and Cowen, SunTrust Robinson Humphrey, MUFG and Scotiabank are serving as Co-Managers for the offering.<\/p>\n A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and was declared effective on\u00a0May 7, 2019<\/span>. The offering will be made only by means of a prospectus. A copy of the final prospectus relating to this offering may be obtained, when available, from any of the following sources:<\/p>\n 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.<\/p>\n About Parsons Corporation<\/b><\/p>\n Parsons is a leading provider of technology-driven solutions focused on the defense, intelligence and critical infrastructure markets.\u00a0 Celebrating 75 years of operations, Parsons provides technical design and engineering services and software to address our customers’ challenges.\u00a0 Parsons has differentiated capabilities in cybersecurity, intelligence, defense, military training, connected communities, physical infrastructure and mobility solutions.\u00a0 Parsons’ combination of talented professionals and advanced technology enables a safer, smarter and more interconnected world.<\/p>\n","protected":false},"excerpt":{"rendered":" CENTREVILLE, Va.,\u00a0May 7, 2019\u00a0\/PRNewswire\/ —\u00a0Parsons Corporation (“Parsons”), a provider of technology-driven solutions in the defense, intelligence and critical infrastructure markets, today announced the pricing of its initial public offering of […]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-7304","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"\n\n