UVision Air Plans $4B IPO on Nasdaq Amid Valuation Disputes
Israeli defense firm UVision Air aims for a Nasdaq IPO with a target valuation between $3.5 billion and $4 billion. This move follows unsuccessful negotiations with institutional investors for a lower valuation, as UVision seeks to capitalize on rising global demand for loitering munitions.
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UVision Air is preparing for a Nasdaq IPO, targeting a valuation of $3.5 billion to $4 billion, with an expected raise of $500 million to $1 billion. The company, known for its loitering munitions, recently secured a $982 million contract with the U.S.
Army. Previous discussions with Israeli institutional investors for a pre-IPO investment fell through due to valuation disagreements. Institutional investors had proposed a valuation of about $2.9 billion, while Frankel maintained his higher target. The IPO process will include a prospectus release and a roadshow starting in July, with potential risks tied to investor acceptance at the proposed valuation.
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