BETA Technologies launches IPO of 25 million shares priced $27-$33

BETA Technologies, an electric aerospace company, announced it has launched an initial public offering of 25 million shares of Class A common stock at an anticipated price range of $27.00 to $33.00 per share.

The company filed a registration statement on Form S-1 with the Securities and Exchange Commission for the offering. BETA intends to grant underwriters a 30-day option to purchase up to an additional 3.75 million shares at the initial public offering price, less underwriting discounts and commissions.

The company has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol NYSE: BETA.

Morgan Stanley and Goldman Sachs & Co. LLC are serving as lead book-running managers for the offering. BofA Securities, Jefferies, TPG Capital BD, LLC and Citigroup are serving as book-running managers, while Cantor, BTIG and Needham & Company are serving as bookrunners.

The information is based on a company press release statement.

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