BETA Technologies indicated to open at $43-$46, IPO priced at $34

BETA Technologies (BETA), an aerospace company designing, manufacturing and selling electric aircraft, advanced electric propulsion systems, components and charging systems, priced its upsized initial public offering of 29,852,941 shares of its Class A common stock at a price to the public of $34.00 per share. The shares are trading on the New York Stock Exchange under the ticker symbol “BETA.” The deal size was increased to 29.9M shares from 29.1M and priced above the $27.00-$33.00 target range. Morgan Stanley and Goldman Sachs are acting as joint book running managers for the offering.