Aerospace parts manufacturer Loar Holdings aims up to $2.28 billion valuation in US IPO
Reuters
Published Apr 17, 2024 06:45AM ET
(Reuters) - Loar Holdings is aiming for a valuation of up to $2.28 billion in its initial public offering in the United States, the aerospace parts manufacturer said in a filing on Wednesday.
Loar said it was targeting to raise up to $286 million by offering 11 million shares at a price range of $24 and $26 apiece.
The New York-based company joins the list of new entrants looking to take advantage of the buoyant capital markets that is rebounding after a two-year dry spell.
Loar will list its shares on the New York Stock Exchange under the symbol "LOAR".
Jefferies, Morgan Stanley and Citigroup are among the underwriters for the offering.
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Written By: Reuters
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