Md. health-tech firm going public next week with plans to raise $613 million

Inovalon Holdings Inc., a Maryland health-tech company with a focus on data analytics, is scheduled to go public next week in an offering expected to raise up to $613 million.

That’s up from the $500 million the Bowie company originally estimated when it first filed to go public Dec. 30. The company, in its amended Jan. 29 filing, said it will offer 22.2 million shares of common stock at an estimated price of $20 to $24 per share.

Goldman Sachs Inc., Morgan Stanley and Citigroup are the lead underwriters…

​Why the Kennedy Center's river pavilion could be in trouble

The John F. Kennedy Center for the Performing Arts is pulling out all the stops to gain approval for its planned river pavilion — a floating performance space and cafe that would sit on the Potomac River across Rock Creek Parkway — but the proposal is still facing plenty of headwind.

The National Capital Planning Commission in December gave preliminary approval to the rest of the Kennedy Center’s $100 million expansion plan, which includes two land-based pavilions to the existing building’s…

Leave the $50M EDI Fund alone, says top Prince George's County official

A withdrawal from Prince George’s $50 million Economic Development Incentive Fund to fill a budget gap, as members of the County Council are now hinting they might do, will “tarnish the reputation” of the fund and diminish the county’s improving reputation with the private sector, one county leader said Friday.

David Iannucci, County Executive Rushern Baker’s chief economic development aide, describes the 5-year-old EDI fund as both an “unprecedented and powerful signal to the business community…

Parsley Energy to sell more shares; issues guidance for 2015

Parsley Energy Inc. stock fell sharply in early trading Friday after the Austin-based oil and gas exploration and production company said it would offer a private placement of its common shares to repay debt.

Parsley (NYSE: PE) said it would sell nearly 14.9 million shares to “selected institutional and accredited investors” and expected net proceeds of about $224 million. Houston-based Tudor, Pickering, Holt & Co. acted as financial adviser in the offering.

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Texas fracking company reportedly exiting Utica shale play, closing Cambridge office

GoFrac LLC, a fracking business working the Utica shale play, is closing in Ohio.

A few years ago the Texas company bought 90 acres in Guernsey County and opened an operation in Cambridge, its only one in Ohio. It made significant investments, including rail spurs and silos, Norm Blanchard, executive director of the Community Improvement Corporation in Cambridge, told me, and it once indicated it could hire as many as 250 people.

But eastern Ohio’s Utica shale play, like other energy spots across…