Vermont-based Beta Technologies has priced its initial public offering (IPO) above the estimated range, adding shares to generate proceeds of $1 billion.
The company is focusing on building sales of its battery-powered aircraft, with significant backing from GE Aerospace.
This successful IPO marks a major milestone for Beta Technologies as it advances its position in the emerging electric aviation market.
https://www.marketwatch.com/story/this-ge-amazon-backed-electric-plane-maker-sees-strong-demand-for-its-ipo-d0fbb674?mod=mw_rss_topstories