Firefly Aerospace reveals target pricing as proposed IPO and stock listing date nears

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leaderFigma’s IPO date is close. The stock could trade even higher after the design startup’s latest moveIn a filing with the U.S. Securities and Exchange Commission (SEC) today, the Texas-based company announced that it has applied to list its common stock on the Nasdaq exchange, with an offer of 16.2 million shares, each priced between $35 and $39 per share—a launch that could raise as much as $631.8 million for Firefly.The company plans to trade its stock under the ticker symbol “FLY.”According to Firefly, net proceeds from the IPO would be used “to repay outstanding borrowings under its credit agreement, pay any accrued and unpaid dividends on certain series of its preferred stock, and for general corporate purposes.”If the IPO is approved by the Nasdaq, it will be the latest in a series of tech-focused listings that have drawn renewed investor interest this year, a group that includes fintech company Chime, stablecoin issuer Circle, and digital health platform Hinge Health.Firefly has not disclosed a date for the listing, but said in a press release on Monday that it has launched its “road show.” Fast Company has reached out for more information on the timing.Firefly Aerospace is a private company focusing on building small- to medium-lift launch vehicles, lunar landers, and orbital vehicles from its headquarters in Cedar Park, Texas. Its proposed IPO comes just months after the company landed on the moon for the first time through a partnership with NASA.The Blue Ghost Lunar Lander Mission 1, dubbed “Ghost Rider in the Sky,” was a collaboration between Firefly and NASA’s Commercial Lunar Payload Services (CLPS) initiative, which offers fixed contracts to commercial partners.In all, CLPS awarded Firefly $101 million to craft a four-legged lander that could deliver 10 NASA payloads (weighing 340 pounds) to the moon’s surface. These payloads were designed to study topics like the behavior of lunar dust, the moon’s internal structure, and the Earth’s magnetosphere. The mission launched on January 15 and successfully touched down on March 2.“It just shows that the private industry, the commercial world, has a lot of affordable, responsive technology and systems that could provide NASA a frequent means to go to the moon and carry out all these high-stakes critical-science missions for lower cost, as well as do it sustainably,” Firefly CEO Jason Kim told Fast Company in January.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,415.75 +9.75 (+0.15%)Dow Futures44,863.00 +47.00 (+0.10%)Nasdaq Futures23,506.25 +54.25 (+0.23%)Russell 2000 Futures2,262.50 +8.90 (+0.39%)VIX15.98 +0.95 (+6.32%)Gold3,322.00 -2.00 (-0.06%)PortfolioSign in to access your portfolioSign inTop gainersNEGG Newegg Commerce, Inc. 56.19 +17.11 (+43.78%)SANM Sanmina Corporation 120.76 +22.42 (+22.79%)CVLT Commvault Systems, Inc. 193.27 +29.84 (+18.26%)AMKR Amkor Technology, Inc. 25.08 +3.85 (+18.13%)PII Polaris Inc. 57.81 +8.33 (+16.84%)Top losersNVO Novo Nordisk A/S 53.94 -15.06 (-21.83%)STEM Stem, Inc. 15.17 -3.74 (-19.78%)HRI Herc Holdings Inc. 123.61 -26.27 (-17.53%)EXEL Exelixis, Inc. 36.94 -7.45 (-16.78%)QS QuantumScape Corporation 9.28 -1.70 (-15.48%)Most activeSOFI SoFi Technologies, Inc. 22.40 +1.38 (+6.57%)NVDA NVIDIA Corporation 175.51 -1.24 (-0.70%)LCID Lucid Group, Inc. 2.5600 -0.2300 (-8.24%)NVO Novo Nordisk A/S 53.94 -15.06 (-21.83%)AMD Advanced Micro Devices, Inc. 177.44 +3.78 (+2.18%)Earnings eventsTrending tickersSOFI SoFi Technologies, Inc. 22.40 +1.38 (+6.57%)NVO Novo Nordisk A/S 53.94 -15.06 (-21.83%)V Visa Inc. 351.29 -4.18 (-1.18%)PANW Palo Alto Networks, Inc. 193.84 -10.66 (-5.21%)SBUX Starbucks Corporation 92.96 -0.71 (-0.76%)Top economic events