Aerospace parts manufacturer Loar Holdings aims up to $2.28 bln valuation in US IPO [Reuters]
Morgan Stanley (MS)
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Source: Reuters
Loar said it was targeting to raise up to $286 million by offering 11 million shares at a price range of $24 and $26 apiece. The New York-based company joins the list of new entrants looking to take advantage of the buoyant capital markets that is rebounding after a two-year dry spell. Loar will list its shares on the New York Stock Exchange under the symbol "LOAR". Jefferies, Morgan Stanley and Citigroup are among the underwriters for the offering. Get U.S. personal finance tips and insight straight to your inbox with the Reuters On the Money newsletter. Sign up here. Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Vijay Kishore Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab
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- 4/29/24 - Form 424B2
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