Parsons Corporation completes $500 million IPO on NYSE

Client(s) Newport Trust Company

Jones Day represented Newport Trust Company, as trustee and independent fiduciary of the Parsons Employee Stock Ownership Plan, in connection with the $500 million initial public offering of Common Stock on the NYSE by Parsons Corporation. A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and was declared effective on May 7, 2019.

Parsons Corporation (“PSN”) is a technology-focused defense, intelligence, security, and infrastructure engineering firm headquartered in Centreville, Virginia. Founded in 1944, Parsons has more than 16,000 employees across 24 countries. Prior to completion of this initial public offering, the Parsons Employee Stock Ownership Plan was the 100% stockholder of Parsons.