{"id":7332,"date":"2019-05-10T14:00:43","date_gmt":"2019-05-10T21:00:43","guid":{"rendered":"https:\/\/origin-www.parsons.com\/?p=7332"},"modified":"2019-05-13T08:55:05","modified_gmt":"2019-05-13T15:55:05","slug":"parsons-corporation-announces-closing-of-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.parsons.com\/2019\/05\/parsons-corporation-announces-closing-of-initial-public-offering\/","title":{"rendered":"Parsons Corporation Announces Closing of Initial Public Offering"},"content":{"rendered":"

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CENTREVILLE, Va.<\/span>,\u00a0May 10, 2019<\/span>\u00a0— Parsons Corporation (“Parsons”), a provider of technology-driven solutions in the defense, intelligence and critical infrastructure markets, today announced the closing of its initial public offering of 18,518,500 shares of its common stock at a price of\u00a0$27.00<\/span>\u00a0per share, before underwriting discounts and commissions.<\/p>\n

Parsons estimates its net proceeds from the offering to be approximately\u00a0$462.9 million<\/span>, after deducting underwriting discounts and commissions and estimated offering expenses. The shares began trading on the New York Stock Exchange on\u00a0May 8, 2019<\/span>, under the ticker symbol “PSN.”<\/p>\n

Goldman Sachs & Co. LLC, BofA Merrill Lynch and Morgan Stanley served as joint lead book-running managers for the offering. Jefferies and Wells Fargo Securities served as Senior Co-Managers and Cowen, SunTrust Robinson Humphrey, MUFG and Scotiabank served 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 was made only by means of a prospectus. A copy of the final prospectus relating to this offering may be obtained from any of the following sources:<\/p>\n