HawkEye 360 targets $2.4 billion valuation in U.S. IPO

HawkEye 360 filed a registration connection connected Form S-1 with the U.S. Securities and Exchange Commission successful April and plans to database connected the New York Stock Exchange nether the ticker awesome "HAWK," the institution said. Goldman Sachs and Morgan Stanley are serving arsenic pb book-running managers, with RBC Capital Markets, Jefferies, and BofA Securities arsenic further book-running managers.

Founded successful 2015, HawkEye 360 is simply a geospatial analytics institution offering space-based vigor frequence quality and information services. Government clients successful the United States and spouse countries marque up the bulk of the company's business. Its outer web is designed to place the determination and characteristics of vigor frequence signals crossed the globe. A NASA grant announced earlier this period volition person the institution charting RF interference successful debased Earth orbit, enactment that is intended to enactment the improvement of reliable connection systems for upcoming commercialized abstraction missions.

Following the IPO, BlackRock-linked entities are expected to ain a 5.1% involvement successful HawkEye 360.

The listing comes arsenic respective high-profile companies person announced plans to participate nationalist markets, including Elon Musk's SpaceX, which confidentially filed for a U.S. IPO earlier this month. Renaissance Capital elder strategist Matt Kennedy said the timing reflects broader momentum successful the listings market. "Clearly the IPO marketplace is unfastened to the aerospace and defence industry, and HawkEye 360 is looking to instrumentality vantage of that," Kennedy told Reuters. "I tin ideate space-tech CFOs telling themselves: If it's a bully capable clip for SpaceX, it's bully capable for us."