AIRO Group Holdings, which provides aerospace, autonomy, and air mobility technologies, announced terms for its IPO on Thursday.
The Albuquerque, NM-based company plans to raise $75 million by offering 5 million shares at a price range of $14 to $16. Insiders intend to purchase $5 million worth of shares in the offering (7% of the deal). At the midpoint of the proposed range, AIRO Group Holdings would command a fully diluted market value of $381 million.
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.
AIRO Group Holdings 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. Cantor Fitzgerald, BTIG, and Mizuho Securities are the joint bookrunners on the deal. It is expected to price during the week of April 14, 2025.
