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Parsons Files to Go Public

Parsons confidentially filed with the Securities and Exchange Commission a draft registration statement for its planned initial public offering.

The company said Tuesday it has not yet determined the number of shares and price range for the proposed IPO, which is set to kick off once SEC concludes its evaluation process.

The IPO is projected to raise approximately $500M and would likely value the construction and engineering services contractor at around $3B, Reuters reported early this month.

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