York Space Systems Launches $544 Million IPO, Aiming for $4.25 Billion Valuation
York Space Systems has initiated its initial public offering (IPO) for 16 million shares, priced between $30 and $34, aiming to raise up to $544 million and achieve a valuation of $4.25 billion. The Denver-based satellite platform company, serving clients like the U.S. Department of Defense, plans to list on the New York Stock Exchange under the ticker 'YSS', with the IPO expected to price on January 28. Despite reporting a comprehensive loss of $54.9 million on $280.9 million in revenue for the nine months ending September 30, AE Industrial Partners will retain majority voting power post-offering.
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York Space Systems has launched the roadshow for its initial public offering (IPO) of 16 million shares, priced between $30 and $34, aiming to raise up to $544 million. The IPO seeks a valuation of $4.25 billion and is set to list on the New York Stock Exchange under the ticker 'YSS'.
Founded in 2012, the Denver-based company specializes in satellite platforms for clients like the U.S. Department of Defense. The IPO is expected to price on January 28, with AE Industrial Partners retaining majority voting power post-offering. The firm reported a comprehensive loss of $54.9 million on revenue of $280.9 million for the nine months ending September 30.
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