Parsely Energy Inc. (PE) will launch a $224.3 million follow-on offering following the announcement of a bolt-on acquisition in the Permian Basin.

Raymond James said it will participate in Parsley's follow-on offering as co-manager. The firm also served as senior co-manager in the Austin, Texas company's $1.1 billion IPO in May 2014.

Parsley said Sept. 17 it is acquiring 1,908 net Permian acres as part of a $39 million acquisition in Reagan and Upton counties, Texas, and will go to the public markets to help pay for the deal.

The company initially offered nearly 13 million shares in a $195 million equity offering. Goldman, Sachs & Co. is book-running manager for the offering.