Oil & Gas Exploration & Production IPOs » By The Online Investor Staff, updated Wed., Apr. 24, 5:55 PMRecent initial public offerings in the Oil & Gas Exploration & Production IPOs category.
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Slide #1. Parsley Energy, Inc. — Initial Public Offering
Company:
Parsley Energy, Inc.
Proposed Symbol:
PE
Shares Offered:
50,000,000
Price Per Share:
$18.50
Over-Allotment:
7,536,364
Description:
Parsley Energy, Inc. announced that it has launched an initial public offering of 43,900,000 shares of its Class A common stock at an anticipated initial offering price between $15.00 and $18.00 per share pursuant to a registration statement on Form S-1 filed previously with the Securities and Exchange Commission ("SEC"). Parsley is offering 36,363,636 shares of its Class A common stock and the selling shareholders named in the registration statement are offering 7,536,364 shares of Parsley's Class A common stock. In addition, Parsley intends to grant the underwriters a 30-day option to purchase up to an additional 6,585,000 shares of its Class A common stock. The Class A common stock has been authorized for listing on the New York Stock Exchange under the ticker symbol "PE," subject to official notice of issuance. - updated 5/23 - Parsley Energy, Inc. (NYSE:PE) ("Parsley") today announced the pricing of its initial public offering of 50,000,000 shares of its Class A common stock at $18.50 per share. The shares are expected to begin trading on the New York Stock Exchange on May 23, 2014 under the ticker symbol "PE." Parsley is offering 42,463,636 shares of its Class A common stock and the selling stockholders named in the registration statement are offering 7,536,364 shares of Parsley's Class A common stock. Parsley has granted the underwriters a 30-day option to purchase up to an additional 7,500,000 shares from Parsley. The offering is expected to close on May 29, 2014, subject to customary closing conditions.
