Flewber Global, which provides private charter flight booking services, filed on Wednesday with the SEC to raise up to $8 million in an initial public offering.
Flewber is focused on bringing a service similar to the convenience of on-demand ride sharing to the private air travel market. Private air travelers can book local, regional, and international flights through Flewber Luxe, the company's traditional brokerage division, or through the tech-driven Flewber App, which was originally launched for booking seats on private flights operated by subsidiary Ponderosa Air (2018 acquisition). Flights booked through Flewber App have been minimal to date. The company also plans to launch an air-taxi service (Flewber Hops) in the near future. Flewber is currently in the process of building out its air-taxi fleet, and all of its revenue has been generated by bookings for third-party aircraft carriers.
The New York, NY-based company was founded in 2018 and booked $3 million in revenue for the 12 months ended March 31, 2023. It plans to list on the Nasdaq under the symbol FLYF. Flewber Global filed confidentially on February 10, 2023. Maxim Group LLC and Joseph Gunnar are the joint bookrunners on the deal. No pricing terms were disclosed.
