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Firefly Aerospace announced the pricing of its initial public offering at $45 per share for 19,296,000 shares of common stock. The space and defense technology company also granted underwriters a 30-day option to purchase an additional 2,894,400 shares at the IPO price, less underwriting discounts and commissions.
The shares are expected to begin trading on the Nasdaq Global Market on August 7, 2025, under the ticker symbol "FLY" (FLY). The offering is expected to close on August 8, 2025, subject to customary closing conditions.
The Cedar Park, Texas-based company stated it intends to use net proceeds from the offering to repay outstanding borrowings under its credit agreement, pay accrued and unpaid dividends on certain series of preferred stock, and for general corporate purposes.
Goldman Sachs & Co. LLC, J.P. Morgan, Jefferies, and Wells Fargo Securities are serving as lead bookrunning managers for the offering. Morgan Stanley, Deutsche Bank Securities, and Cantor are acting as joint bookrunners, while Roth Capital Partners and Academy Securities are co-managers.
Firefly Aerospace, established in 2017, operates engineering, manufacturing, and test facilities in central Texas. The company provides launch, landing, and space operations services for government and commercial customers, manufacturing small- to medium-lift launch vehicles, lunar landers, and orbital vehicles.
The information is based on a press release statement from the company. A registration statement relating to the securities has been filed with and declared effective by the U.S. Securities and Exchange Commission.