Denver-based energy investment banker Petrie Parkman & Co. has filed plans to go public.
The firm said it intends to raise as much as $115 million in an initial public stock offering, according to a registration statement filed this week with the U.S. Securities and Exchange Commission.
Petrie Parkman is viewed as one of the nation’s pre-eminent energy investment firms, handling dozens of high-profile mergers and acquisitions, including last month’s purchase of Denver-based Western Gas Resources by Anadarko Petroleum of Houston for $4.7 billion.
The company plans to trade on the New York Stock Exchange under the ticker symbol PDP.
Petrie Parkman didn’t disclose how many shares will be offered, nor did it provide an estimated price range for the offering.
The company was founded in 1989 by Thomas Petrie and James Parkman Jr., who jointly own about 67 percent of the stock. The SEC filing noted that Parkman recently left his position as president of the firm.
In 2005, Petrie Parkman generated $63.9 million in investment banking revenues, up 38 percent from 2004.
In the SEC filing, the firm said it is going public to provide capital for business expansion, to give employees an opportunity to own equity and to enhance its national profile.
Staff writer Steve Raabe can be reached at 303-954-1948 or sraabe@denverpost.com.
