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Market Chatter: Stratolaunch Readying US Initial Public Offering to Raise Up To $500 Million

MT Newswires Live
6 hours ago

Stratolaunch is working toward launching an initial public offering in the US that could raise a maximum of $500 million as soon as next month, Reuters reported Wednesday, citing a source familiar with the matter.

The Elliott Investment Management- and Cerberus Capital Management-backed hypersonic flight company is seeking a valuation between $2 billion and $3 billion, the unnamed source told the news agency.

Goldman Sachs (GS) and Citigroup (C) are leading the offering preparations for Stratolaunch, according to the report.

Stratolaunch didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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