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Parsons Sets IPO Share Price at $26 to $28

Parsons (NYSE: PSN) is selling 18,518,500 shares of common stock at a target price of $26 to $28 per share through an initial public offering.

The company said Monday it expects to grant underwriters a 30-day option to buy up to 2,777,775 additional shares.

BofA Merrill Lynch, Morgan Stanley and Goldman Sachs & Co. will jointly serve as Parsons’ lead book-running managers for the IPO.

Wells Fargo Securities and Jeffries serve as senior co-managers on the flotation while SunTrust, Cowen, Scotiabank, MUFG and Robinson Humphrey serve as co-managers.

Parsons registered with the Securities and Exchange Commission in mid-April.

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