Firefly Aerospace <\/b>could raise up to $632 million in an initial public offering (IPO). Firefly announced Monday it has launched the roadshow for its proposed IPO and it plans to offer 16.2 million shares, priced between $35 and $39. <\/p>\n
The proposed IPO could bring Firefly between $567 million to $631.8 million. <\/p>\n
Firefly, which announced its plans to IPO earlier this month, plans to use some of the proceeds to replay debt under a credit agreement. According to its prospectus, Firefly has a total of $173.6 million in debt, including $136.1 million under a term loan facility and $37.5 million under finance leases and other obligations.<\/p>\n
If Firefly goes public, the company\u2019s owner AE Industrial Partners will still own a large portion of the company, according to Firefly\u2019s Monday filing with the Securities and Exchange Commission (SEC). AE Industrial Partners will still own approximately $41.8% of the company\u2019s stock, and would control more than half of the voting power on the board of directors, making it a \u201ccontrolled company\u201d by SEC standards. <\/p>\n
Firefly intends to trade on Nasdaq under the symbol \u201cFLY.\u201d<\/p>\n
The company operates the small-lift Alpha launch vehicle, and it\u2019s developing the medium-lift launch vehicle Eclipse, working with Northrop Grumman. It also operates the Blue Ghost lunar lander and made the first commercial successful soft landing on the Moon earlier this year. <\/p>\n","protected":false},"excerpt":{"rendered":"
Firefly Aerospace could raise up to $632 million in an initial public offering (IPO). Firefly announced Monday it has launched the roadshow for its proposed IPO and it plans to offer 16.2 million shares, priced between $35 and $39. The proposed IPO could bring Firefly between $567 million to $631.8 million. Firefly, which announced its […]<\/p>\n","protected":false},"author":1,"featured_media":48736,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-48735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/48735"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=48735"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/48735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/48736"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=48735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=48735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=48735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}