BETA Technologies, Inc. Prices Upsized Initial Public Offering
Businesswire·2025-11-03 23:59

Core Viewpoint - BETA Technologies, Inc. has priced its upsized initial public offering (IPO) at $34.00 per share, offering a total of 29,852,941 shares of Class A common stock, with an additional option for underwriters to purchase up to 4,477,941 shares [1][2]. Company Overview - BETA Technologies, Inc. is an electric aerospace company focused on designing, manufacturing, and selling high-performance electric aircraft and related systems [4]. - The company has developed its ALIA aircraft family, which includes both conventional fixed-wing electric aircraft and electric vertical takeoff and landing aircraft, having flown over 83,000 nautical miles [4]. - BETA is establishing a charging infrastructure network with more than 50 sites operational across the U.S. and Canada, supporting the electrification of aviation [4]. - The company aims to unlock aftermarket revenue opportunities through scalable enabling technologies, serving various markets including cargo, logistics, defense, passenger, and medical [4]. IPO Details - The shares are set to begin trading on the New York Stock Exchange (NYSE) under the ticker symbol "BETA" on November 4, 2025, with the offering expected to close on November 5, 2025 [2]. - Morgan Stanley and Goldman Sachs & Co. LLC are the lead book-running managers for the offering, with several other firms participating as book-running managers [3].