Bloomberg.com: Beta Technologies Raises $1 Billion in Oversubscribed IPO
Photo by Sneha Thomas on Unsplash
Beta Technologies completed its IPO, raising over $1 billion after pricing shares at $34 and offering 29.9 million shares. Oversubscribed by a factor of 20, the IPO values Beta Technologies between $7.44 billion and $7.6 billion. Electric aircraft manufacturer Beta Technologies Inc. has successfully completed its U.S. initial public offering, raising over $1 billion, according to Bloomberg.com. The IPO priced shares at $34, surpassing the initial range of $27 to $33, and the offering was upsized to 29.9 million shares. Investor demand significantly exceeded expectations, with the IPO reportedly oversubscribed.
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Key takeaways
- Electric aircraft manufacturer Beta Technologies Inc
- has successfully completed its U
- initial public offering, raising over $1 billion, according to Bloomberg
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