电动飞机制造商Beta Technologies(BETA.US)IPO定价27-33美元/股...

Core Viewpoint - Despite the U.S. government shutdown, Beta Technologies plans to raise up to $825 million through an IPO, with a proposed share price range of $27 to $33, potentially valuing the company at $7.2 billion [1][2]. Company Overview - Beta Technologies, founded in 2017 and headquartered in South Burlington, Vermont, is developing electric aircraft for passenger and defense applications [2]. - The company has completed significant milestones, including a flight from the Hamptons to New York's JFK Airport and showcasing its ALIA aircraft at the Paris Air Show [2]. Financial Performance - In the first half of this year, Beta reported revenues of $15.6 million and a net loss of $183 million, while in the same period last year, revenues were $7.6 million with a net loss of $137 million [2]. - The company's valuation increased from $2.4 billion in 2022 to $7.2 billion in the current IPO filing [1]. IPO Details - The IPO is expected to set the share price on November 3, with several institutional investors expressing interest in purchasing up to $300 million in shares [2]. - The IPO will be underwritten by Morgan Stanley and Goldman Sachs, with plans to list on the New York Stock Exchange under the ticker "BETA" [3]. Strategic Partnerships - General Electric Aerospace has agreed to invest $300 million in Beta, establishing a strategic partnership to co-develop hybrid turbine generators [3]. Leadership and Ownership - After the IPO, Beta's CEO Kyle Clark is expected to hold 63.2% of the voting power and all issued Class B shares, while Fidelity Investments and Amazon's Climate Pledge Fund will hold 12.8% and 5.6% of Class A shares, respectively [2].