Beta Technologies to price IPO at $34 per share, Bloomberg News reports
(Reuters) -Electric aircraft maker Beta Technologies is expected to price its initial public offering at $34 per share, which is above its marketed range, Bloomberg News reported on Monday, citing people familiar with the matter.
The IPO is also double-digits oversubscribed, according to the report, signaling a strong investor confidence for fresh listings. The company had indicated to price its shares in the range of $27 and $33 apiece.
Beta Technologies did not immediately respond to a Reuters request for comment.
U.S. IPO activity has remained strong, with several high-profile listings hitting the markets in recent months, following an earlier slowdown triggered by President Donald Trump’s shifting trade policies and…
