US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

US IPOs and Secondary Offerings

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

IPOs and Secondary Offerings

Equity Capital Markets

Firefly Aerospace / Equity Capital Markets

<ul>
<li>They will be offering 16.2mm shares at $35-$39  with an expected market cap between $4.9b and $5.5b and to debut on August 7th.</li>
<li>The company's principal stockholder is private-equity firm AE Industrial which made its initial investment in Firefly Aerospace in 2022 and is a 47.4% stakeholder.</li>
<li>Revenue in Q2 is up more around 140% versus the same period in 2024 but the company's net losses continue to mount.</li>
</ul>


They will be offering 16.2mm shares at $35-$39  with an expected market cap between $4.9b and $5.5b and to debut on August 7th.
The company's principal stockholder is private-equity firm AE Industrial which made its initial investment in Firefly Aerospace in 2022 and is a 47.4% stakeholder.
Revenue in Q2 is up more around 140% versus the same period in 2024 but the company's net losses continue to mount.


Firefly Aerospace Inc. (FLY): Space & Defense Company Sets Terms for IPO Seeking $5.5b Valuation

<ul>
<li>Their operational launch vehicle, Alpha, is the first and only U.S.-based orbital rocket in the 1,000 kilograms class to successfully reach orbit, with four launches completed successfully.</li>
<li>They had revenue of $55.23 million and $60.79 million and net loss of $135.46 million and $231.13 million in 2023 and 2024, respectively.</li>
<li>The company is targeting a potential IPO in the second half of July or early August with peers and the sector outperforming in the short term. </li>
</ul>


Their operational launch vehicle, Alpha, is the first and only U.S.-based orbital rocket in the 1,000 kilograms class to successfully reach orbit, with four launches completed successfully.
They had revenue of $55.23 million and $60.79 million and net loss of $135.46 million and $231.13 million in 2023 and 2024, respectively.
The company is targeting a potential IPO in the second half of July or early August with peers and the sector outperforming in the short term. 


Firefly Aerospace Inc. (FLY): Peeking at the IPO Prospectus of the Next Space & Defense Tech Company

United States

Firefly Aerospace develops small- and medium-lift launch vehicles for commercial launches to orbit, including the Alpha rocket and Eclipse launch vehicle. The company also offers lunar landers (Blue Ghost) and orbital transfer vehicles (Elytra) for end-to-end space missions, providing integrated launch, lunar delivery, and in-space mobility services. Firefly Aerospace is headquartered in Cedar Park, Texas, and was formed in March 2017.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Firefly Aerospace (FLY US)

Firefly Aerospace Inc. (FLY): Space & Defense Company Sets Terms for IPO Seeking $5.5b Valuation

Firefly Aerospace to offer 16.2mm shares at $35-$39, with expected market cap of $4.9b-$5.5b. Debuting on August 7th, backed by private-equity...

IPO Boutique

Firefly Aerospace Inc. (FLY): Peeking at the IPO Prospectus of the Next Space & Defense Tech Company

US-based rocket company successfully launches Alpha rocket into orbit, plans potential IPO in July/August despite financial losses in 2023 and 2024.

IPO Boutique

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Firefly Aerospace Inc. (FLY): Space & Defense Company Sets Terms for IPO Seeking $5.5b Valuation

​Firefly Aerospace to offer 16.2mm shares at $35-$39, with expected market cap of $4.9b-$5.5b. Debuting on August 7th, backed by private-equity...

IPO Boutique

Firefly Aerospace Inc. (FLY): Peeking at the IPO Prospectus of the Next Space & Defense Tech Company

​US-based rocket company successfully launches Alpha rocket into orbit, plans potential IPO in July/August despite financial losses in 2023 and 2024.

IPO Boutique

Firefly Aerospace to offer 16.2mm shares at $35-$39, with expected market cap of $4.9b-$5.5b. Debuting on August 7th, backed by private-equity...

US-based rocket company successfully launches Alpha rocket into orbit, plans potential IPO in July/August despite financial losses in 2023 and 2024.