AIRO Group Holdings, which provides aerospace, autonomy, and air mobility technologies, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
AIRO Group is a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. The company's business is organized into four operating segments: Drones, Avionics, Training, and Electric Air Mobility.
The Albuquerque, NM-based company was founded in 2020 and booked $87 million in revenue for the 12 months ended December 31, 2024. It plans to list on the Nasdaq under the symbol AIRO. AIRO Group Holdings filed confidentially on December 13, 2024. Cantor Fitzgerald, BTIG, and Mizuho Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
