Reported about 10 hours ago
Electric aviation startup Beta Technologies had a successful first day on the New York Stock Exchange, raising $1 billion with shares debuting at $34 and closing at $36. Founded by Kyle Clark, the company has taken a unique funding route, raising $1.15 billion from institutional investors while bypassing traditional venture capital. Despite a government shutdown, Beta proceeded with its IPO, focusing on steady stock growth and the development of its electric aircraft aimed at regional and urban markets.
Source: YAHOO