Finance, Taxes, Insurance
Beta IPO Seeks Backing for Growing Electric Aircraft Family
New York Stock Exchange IPO chases $1 billion equity sale
Beta Technologies at NYSE
Beta Technologies employees flocked to Wall Street on November 4 for the company's initial public offering on the New York Stock Exchange.

Beta Technologies is seeking to raise more than $1 billion through an initial public offering on the New York Stock Exchange. The electric aircraft developer offered 29,852,941 Class A shares priced at $34 when the market opened on Tuesday, while also granting underwriters a 30-day option to purchase an additional 4,477,941 shares.

Its initial offering is expected to close on November 5, with the company trading under the ticker symbol BETA. The IPO is being made solely through a prospectus offered via lead book-running managers Morgan Stanley and Goldman Sachs.