Firefly Aerospace IPO: Key Questions Answered

What is Firefly Aerospace announcing?

Firefly Aerospace is announcing the launch of its initial public offering (IPO) of 16,200,000 shares of its common stock, with an option for underwriters to purchase an additional 2,430,000 shares.

What is the expected price range for Firefly Aerospace’s IPO?

The initial public offering price is expected to be between $35.00 and $39.00 per share.

How does Firefly Aerospace intend to use the net proceeds from the IPO?

Firefly intends to use the net proceeds 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.

Where will Firefly Aerospace’s common stock be listed?

Firefly has applied to list its common stock on the Nasdaq Global Market under the ticker symbol ‘FLY’.

Who are the lead bookrunning managers for Firefly Aerospace’s proposed offering?

Goldman Sachs & Co. LLC, J.P. Morgan, Jefferies, and Wells Fargo Securities are acting as lead bookrunning managers for the proposed offering.

What makes Firefly Aerospace unique in the space and defense technology sector?

Firefly Aerospace is the only commercial company to launch a satellite to orbit with approximately 24-hour notice and the only company to achieve a fully successful landing on the Moon.

When was Firefly Aerospace established?

Firefly Aerospace was established in 2017.

What should potential investors know before participating in the IPO?

Potential investors should know that the registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective, and these securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.