US IPOs and Secondary Offerings, IPO Boutique

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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.

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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.

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York Space Systems / Equity Capital Markets

<ul>
<li>York Space Systems is targeting a $3.75b–$4.25b valuation in a January IPO, backed by AE Industrial Partners and BlackRock, following strong sector precedents.</li>
<li>The company is the leading provider to the DoD’s PWSA and a prime contractor on Golden Dome, benefiting from accelerating defense space spending.</li>
<li>Revenue grew 59% year over year in 2025, with expanding recurring software and services supporting long-term growth despite near-term losses.</li>
</ul>


York Space Systems is targeting a $3.75b–$4.25b valuation in a January IPO, backed by AE Industrial Partners and BlackRock, following strong sector precedents.
The company is the leading provider to the DoD’s PWSA and a prime contractor on Golden Dome, benefiting from accelerating defense space spending.
Revenue grew 59% year over year in 2025, with expanding recurring software and services supporting long-term growth despite near-term losses.


York Space Station (YSS): Targets $4B Valuation as Defense-Space Momentum Fuels January IPO

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<ul><li>✅ IPO PROPHET RATING: 7.9/10 🏦 Deal Quality &amp; Underwriters: 8.6/10 York Space Systems is entering the public markets as a scaled satellite manufacturing and mission systems provider focused on defense and national security customers.</li><li>The company’s value proposition centers on execution, delivery reliability, and integration into government space architectures rather than experimental or consumer-oriented space narratives.</li><li>York has built a repeatable manufacturing platform and accumulated a sizable backlog that provides forward revenue visibility.</li></ul>

✅ IPO PROPHET RATING: 7.9/10 🏦 Deal Quality &amp; Underwriters: 8.6/10 York Space Systems is entering the public markets as a scaled satellite manufacturing and mission systems provider focused on defense and national security customers.The company’s value proposition centers on execution, delivery reliability, and integration into government space architectures rather than experimental or consumer-oriented space narratives.York has built a repeatable manufacturing platform and accumulated a sizable backlog that provides forward revenue visibility.

<ul>
<li>York Space Systems (YSS US) revenues surged 59% in nine months, leveraging momentum and investor interest ahead of its late-January IPO.</li>
<li>The company plans to raise over $500 million, targeting a $4 billion valuation, with AE Industrial Partners maintaining a significant stake post-IPO.</li>
<li>Vertically integrated, cost-efficient, and technologically advanced, York leads the DoD’s PWSA program, offering scalable satellite platforms, mission services, and recurring revenue streams.</li>
</ul>


York Space Systems (YSS US) revenues surged 59% in nine months, leveraging momentum and investor interest ahead of its late-January IPO.
The company plans to raise over $500 million, targeting a $4 billion valuation, with AE Industrial Partners maintaining a significant stake post-IPO.
Vertically integrated, cost-efficient, and technologically advanced, York leads the DoD’s PWSA program, offering scalable satellite platforms, mission services, and recurring revenue streams.


York Space Station (YSS): Space & Defense Company Sets Terms for IPO Seeking North of $4b Valuation

<ul><li>York Space Systems (formerly Yellowstone Midco Holdings II, LLC) headquartered in Denver, Colorado , has filed for an initial public offering of 16.0 million shares of common stock , with the company targeting a price range of $30.00 to $34.00 per share .</li><li>At the midpoint of the range, the offering implies an equity market capitalization of approximately $4.0 billion and a gross deal size of roughly $512 million .</li><li>The company has applied to list its shares on the New York Stock Exchange under the ticker symbol “YSS.” The IPO is led by Goldman Sachs, Jefferies, and Wells Fargo Securities as joint book-running managers, with J.P.</li></ul>

York Space Systems (formerly Yellowstone Midco Holdings II, LLC) headquartered in Denver, Colorado , has filed for an initial public offering of 16.0 million shares of common stock , with the company targeting a price range of $30.00 to $34.00 per share .At the midpoint of the range, the offering implies an equity market capitalization of approximately $4.0 billion and a gross deal size of roughly $512 million .The company has applied to list its shares on the New York Stock Exchange under the ticker symbol “YSS.” The IPO is led by Goldman Sachs, Jefferies, and Wells Fargo Securities as joint book-running managers, with J.P.

York Space Systems Targets IPO as Defense-Driven Space Infrastructure Demand Accelerates

<ul>
<li>York Space Systems, private-equity backed, targets a $3.75–$4.25B valuation in its end-of-January IPO, offering 16 million shares with multiple leading underwriters.</li>
<li>The company is the largest PWSA provider, offering vertically integrated satellite platforms and mission services, delivering faster, lower-cost, and advanced solutions for U.S. defense.</li>
<li>Revenue grew 59% YTD to $280.9M, with $642M backlog, recurring software and operations services, and acquisitions driving scalable, higher-margin growth opportunities.</li>
</ul>


York Space Systems, private-equity backed, targets a $3.75–$4.25B valuation in its end-of-January IPO, offering 16 million shares with multiple leading underwriters.
The company is the largest PWSA provider, offering vertically integrated satellite platforms and mission services, delivering faster, lower-cost, and advanced solutions for U.S. defense.
Revenue grew 59% YTD to $280.9M, with $642M backlog, recurring software and operations services, and acquisitions driving scalable, higher-margin growth opportunities.


York Space Station Inc. (YSS): Peeking at the Prospectus of the Next Space and Defense IPO

United States

York Space Systems, Inc. manufactures spacecraft platforms and satellite components. The Company designs and produces flight-proven satellites, ground systems, and mission control software. York Space Systems serves government and commercial sectors in the United States.

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York Space Systems (YSS US)

York Space Station (YSS): Targets $4B Valuation as Defense-Space Momentum Fuels January IPO

York Space Systems aims for a high valuation in upcoming IPO with strong backing, driven by growth in defense space spending and expanding revenue...

IPO Boutique

IPO Rating: York Space Systems

✅ IPO PROPHET RATING: 7.9/10 🏦 Deal Quality & Underwriters: 8.6/10 York Space Systems is entering the public markets as a scaled satellite...

IPO Prophet

York Space Station (YSS): Space & Defense Company Sets Terms for IPO Seeking North of $4b Valuation

York Space Systems sees 59% revenue surge, plans $500 million IPO with $4 billion valuation, maintaining partnership with AE Industrial Partners.

IPO Boutique

York Space Systems Targets IPO as Defense-Driven Space Infrastructure Demand Accelerates

York Space Systems (formerly Yellowstone Midco Holdings II, LLC) headquartered in Denver, Colorado , has filed for an initial public offering of...

IPO Prophet

York Space Station Inc. (YSS): Peeking at the Prospectus of the Next Space and Defense IPO

Private-equity backed York Space Systems targets a $3.75–$4.25B valuation in IPO, offering 16 million shares with leading underwriters, delivering...

IPO Boutique

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

York Space Station (YSS): Targets $4B Valuation as Defense-Space Momentum Fuels January IPO

​York Space Systems aims for a high valuation in upcoming IPO with strong backing, driven by growth in defense space spending and expanding revenue...

IPO Boutique

IPO Rating: York Space Systems

✅ IPO PROPHET RATING: 7.9/10 🏦 Deal Quality & Underwriters: 8.6/10 York Space Systems is entering the public markets as a scaled satellite...

IPO Prophet

York Space Station (YSS): Space & Defense Company Sets Terms for IPO Seeking North of $4b Valuation

​York Space Systems sees 59% revenue surge, plans $500 million IPO with $4 billion valuation, maintaining partnership with AE Industrial Partners.

IPO Boutique

York Space Systems Targets IPO as Defense-Driven Space Infrastructure Demand Accelerates

York Space Systems (formerly Yellowstone Midco Holdings II, LLC) headquartered in Denver, Colorado , has filed for an initial public offering of...

IPO Prophet

York Space Station Inc. (YSS): Peeking at the Prospectus of the Next Space and Defense IPO

​Private-equity backed York Space Systems targets a $3.75–$4.25B valuation in IPO, offering 16 million shares with leading underwriters, delivering...

IPO Boutique

York Space Systems aims for a high valuation in upcoming IPO with strong backing, driven by growth in defense space spending and expanding revenue...

York Space Systems sees 59% revenue surge, plans $500 million IPO with $4 billion valuation, maintaining partnership with AE Industrial Partners.

Private-equity backed York Space Systems targets a $3.75–$4.25B valuation in IPO, offering 16 million shares with leading underwriters, delivering...