Beta Technologies updated the prospectus for its initial public offering on Wednesday, setting a price range that could value the company at $7.2 billion at the top end.
The electric aircraft maker said it plans to sell 25 million shares at $27 to $33 each. The deal would raise as much as $825 million.
The planned offering comes amid a dayslong government shutdown that threatens to stall a healthy resurgence in IPO activity following a multi-year drought. Earlier this month, the SEC shared guidance to allow IPO proceedings to continue despite reduced operations.
Beta joins a growing list of electric aircraft makers that have taken a shot at public markets as the technology gains steam.
Key players Joby
