Firefly Aerospace Expands into Public Markets with Small-Lift Launch Vehicles

Firefly Aerospace, a space and defense technology company, has launched a roadshow for its proposed initial public offering (IPO) of 16,200,000 shares of common stock. The company plans to list its shares on the Nasdaq Global Market under the ticker symbol FLY. Firefly intends to use the net proceeds from the offering to repay outstanding borrowings under its credit agreement and for general corporate purposes. Goldman Sachs & Co. LLC, J.P. Morgan, Jefferies, and Wells Fargo Securities are acting as lead bookrunning managers for the proposed offering. The registration statement related to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective.