24th Aug 2022 19:02
(Alliance News) - Aerospace firm Reaction Engines Ltd is eyeing an eventual initial public offering which may value it at up to GBP2 billion, Sky News reported on Wednesday.
Sky News reported the Oxfordshire-based company is planning to undertake a pre-IPO funding round in roughly 18 months, before selling stock publicly.
A float could value it between GBP1 billion and GBP2 billion, Sky reported.
https://news.sky.com/story/rolls-royce-backed-reaction-engines-plots-flight-path-to-1bn-public-listing-12680679
Boeing Co, Rolls-Royce Holdings PLC and BAE Systems PLC are among Reaction's backers. The trio had participated in Reaction's Series B funding round back in 2018. In 2015, BAE acquired a 20% stake in Reaction.
By Eric Cunha; [email protected]
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