Categories: Business

Beta Technologies sets terms for US IPO

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TDG Syndication

(Reuters) -Electric aircraft maker Beta Technologies set the terms for its upcoming initial public offering in the United States on Wednesday. The Vermont-based company plans to offer 25 million shares priced between $27 and $33 each and is seeking to raise up to $825 million. Beta designs, manufactures and sells high-performance electric aircraft, advanced electric propulsion systems, charging systems and components. The company filed for an initial public offering in late September and reported a net loss of $25.57 per share for the six months ended June 30, compared with $19.38 per share a year earlier. It will list on the New York Stock Exchange under the ticker symbol "BETA". (Reporting by Anuj T in Bengaluru; Editing by Pooja Desai) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
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