StoryFunding
Firefly Aerospace prices its Nasdaq IPO, raising about $868M
Firefly priced an upsized IPO of 19.3 million shares at $45 each on August 7, raising approximately $868 million and beginning trading on Nasdaq under ticker FLY. Net proceeds of about $808 million will primarily repay borrowings and support general corporate purposes.
- Share price: $45; shares offered: 19,296,000; gross proceeds: $868.3 million.
- Net proceeds (before underwriter over-allotment): ~$808.2 million; potential $931M if full over-allotment exercised.
- Trading start: August 8, 2025 on Nasdaq under ticker FLY.
- Use of proceeds: repay $136.1M Term Loan Facility, settle preferred-stock dividends, general corporate purposes.