Hello, Guest!
  • Monday, December 23, 2024

Parsons Announces Submission of Registration Statement for Proposed IPO


Parsons has submitted to the Securities and Exchange Commission a registration statement for its planned initial public offering.

The company said Friday it plans to trade on the New York Stock Exchange using the ticker symbol œPSN and details about the price range and number of shares to be put up for the IPO are yet to be determined.

Morgan Stanley, Goldman Sachs & Co. and BofA Merrill Lynch serve as joint bookrunning managers for the proposed IPO, while Wells Fargo Securities and Jefferies act as senior co-managers.

SunTrust Robinson Humphrey, Scotiabank, MUFG and Cowen are the co-managers.

Reports emerged in March about Parsons’ intent to go public in order to raise approximately $500M.

Video of the Day

Related Articles

Parsons, SeaTech Global Awarded Positions on $1B NNSA Counter Nuclear Smuggling System Deployment Contract Contract Awards

Parsons, SeaTech Global Awarded Positions on $1B NNSA Counter Nuclear Smuggling System Deployment Contract

The Department of Energy’s National Nuclear Security Administration has awarded Parsons (NYSE: PSN) and SeaTech Global Security Solutions positions on a potential seven-year, $1 billion contract to support the deployment of counter nuclear smuggling systems. The vendors will perform design, construction, integration, communications, logistics, training and equipment procurement, among other tasks, to help field counter

Olivia Fines Appointed Constellis’ Chief Legal & Compliance Officer; Terry Ryan Quoted Executive Moves

Olivia Fines Appointed Constellis’ Chief Legal & Compliance Officer; Terry Ryan Quoted

Olivia Fines, former Parsons senior vice president, was named chief legal and compliance officer and corporate secretary at Constellis. In a statement published Tuesday, Terry Ryan, CEO of Constellis, welcomed Fines on behalf of the board and executive team. “Her extensive experience in federal procurement processes, technology deployment, risk management, global workforce management, corporate governance

GovCon Index Marks 6th Straight Winning Week Financial Reports

GovCon Index Marks 6th Straight Winning Week

Executive Mosaic’s GovCon Index endured the roller coaster ride during the holiday-shortened week. Besides closing 0.64% higher on Feb. 23, 2024, the index that tracks the performance of 30 notable government contractors marked six straight winning weeks. At $4,839.92, the week-to-week gain is 1.1%. Like the GCI, Wall Street’s major indexes advanced more than 1%