Permian Basin E&P Parsley Energy files for a $400 million IPO

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Parsley Energy, an E&P operating in the Permian Basin of West Texas, filed on Friday with the SEC to raise up to $400 million in an initial public offering. The Midland, TX-based company, which was founded in 2008 and booked $121 million in sales for the fiscal year ended December 31, 2013, plans to list on the NYSE under the symbol PE. Parsley Energy initially filed confidentially on December 20, 2013. Credit Suisse, Goldman Sachs and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.



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