Permian Basin oil and gas exploration and production company Parsley Energy Inc. announced the launch of its initial public offering of 43.9 million shares of Class A common stock, which will come in at an initial offering price somewhere between $15.00 and $18.00.
The company first filed back in December and publicized its intent to raise $400 million in a Class A stock offering in April. Parsley Energy said it would use the IPO funds to reduce its existing debt and pay “general corporate” expenses.
Recent Advancements in Stem Cell Research
We are approaching a point where we’ll be able to fix previously un-fixable human maladies. With advances in cellular regeneration, scientists have been able to regrow auditory nerves. One day, this will give us the ability to “fix” deafness. This is just the tip of the iceberg.