A360
Key Takeaways✦ Atlas AI
01
HawkEye 360 raised $416 million.
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Valuation reached $2.42 billion.
03
Shares priced at $26 each.
Atlas AI
HawkEye 360 said it raised $416 million in its U.S. initial public offering on Wednesday, May 6, asourceser selling 16 million shares at $26 each.
The offering priced at the top of the company’s indicated range of $24 to $26 per share, valuing the Herndon, Virginia-based space analytics firm at about $2.42 billion.
Founded in 2015, HawkEye 360 provides signals-intelligence data to defense, intelligence and national security agencies. The company operates more than 30 satellites to detect, locate and analyze radio-frequency emissions worldwide, with the U.S. government and allied nations accounting for the bulk of its revenue.
The IPO comes as investors look for signs that issuance could broaden beyond recent deals, including in defense technology and space-related offerings. HawkEye 360’s debut may also help gauge demand for space-technology listings as markets await a potential public filing from SpaceX.
HawkEye 360 plans to begin trading on the New York Stock Exchange under the symbol “HAWK” on Thursday. Goldman Sachs, Morgan Stanley, RBC Capital Markets and Jefferies are among the underwriters.
