Aerospace parts manufacturer Loar Holdings plans a US IPO, aiming for a $2.28B valuation and $286M raise through 11M shares at $24-$26 each.
Aerospace parts manufacturer Loar Holdings plans to launch a US IPO, aiming for a valuation of up to $2.28 billion and to raise up to $286 million by offering 11 million shares at $24-$26 each. The company, based in New York, will list its shares on the NYSE under the symbol 'LOAR', with Jefferies, Morgan Stanley, and Citigroup as underwriters. The IPO comes as capital markets rebound after a two-year lull.
April 17, 2024
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