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Beta Technologies, a Vermont-based electric aircraft manufacturer, is preparing for a US IPO with a valuation of around USD 7.22 billion. The company plans to issue 25 million shares priced between USD 27 and USD 33, aiming to raise up to USD 825 million. Despite reporting a net loss of USD 25.57 per share for the first half of the year, Beta has attracted strong interest from cornerstone investors, including Alliance Bernstein, BlackRock, Ellipse, GE Aerospace, and Federated, who may acquire up to USD 300 million in shares. The IPO will list on the NYSE under the ticker "BETA."
Beta Technologies, headquartered in Vermont, is set to enter the US public markets with an initial public offering expected to value the company at approximately USD 7.22 billion. The firm intends to offer 25 million shares at a price range of USD 27 to USD 33 each, potentially raising up to USD 825 million from investors. This IPO is part of a broader rebound in US IPO activity, supported by easing market volatility and growing investor confidence. Advertisement
The company specializes in designing, manufacturing, and selling high-performance electric aircraft, advanced propulsion systems, and related charging infrastructure. Its notable ALIA-250 aircraft is an all-electric model built for both cargo and passenger transport. Beta has also collaborated with GE Aerospace on hybrid-electric flight technologies to enhance aircraft range and efficiency.
Despite posting a net loss of USD 25.57 per share for the six months ending June 30, up from USD 19.38 per share a year earlier, Beta's IPO has garnered significant interest from cornerstone investors. Alliance Bernstein, BlackRock, Ellipse, GE Aerospace, and Federated are expected to participate, potentially purchasing up to USD 300 million in Class A shares. The offering is being managed by Morgan Stanley, Goldman Sachs, BofA Securities, Jefferies, and Citigroup.
The move highlights Beta's strategic push into sustainable aviation solutions, reflecting confidence in the growing electric aircraft market despite ongoing global uncertainties. The listing under the ticker "BETA" on the New York Stock Exchange will provide the company with funds to expand its technology development and production capabilities.
Source Reuters
5th Jun, 2025
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