Electric aircraft maker Beta Technologies raises over $1 billion in US IPO

Core Insights - Beta Technologies has successfully raised $1.01 billion in its U.S. initial public offering (IPO), pricing its shares at $34, which is above the indicated range of $27 to $33, leading to a potential valuation of $7.44 billion [1][2] Company Overview - Beta Technologies is involved in the design, manufacture, and sale of high-performance electric aircraft, advanced electric propulsion systems, and charging systems [2][3] - The company's aircraft have been utilized by the U.S. military for training missions and have been flown by the Federal Aviation Administration [3] Market Context - The U.S. IPO market has shown resilience with several high-profile listings recently, despite previous slowdowns due to macroeconomic factors and trade policy changes [2] - Electric aviation is still a niche segment within the transportation industry, with only a few companies actively developing and testing commercial aircraft [3] IPO Details - Beta Technologies is set to debut on the New York Stock Exchange under the ticker symbol "BETA" [3] - Major underwriters for the offering include Morgan Stanley, Goldman Sachs, BofA Securities, Jefferies, and Citigroup [3]