Defence and space technology firm Voyager Technologies has announced the commencement of its roadshow for a proposed initial public offering on the New York Stock Exchange.
The company expects to price shares between $26.00 and $29.00 each and is expected to receive approval for listing on the New York Stock Exchange under the ticker symbol “VOYG”, subject to notice of issuance.
A succesful IPO could value Voyager at $1.6bn.
Voyager describes itself as a national security and space solutions company delivering mission-critical technologies. The firm serves over 500 customers across 35-plus nations and has flown more than 1,240 customer missions to space stations.
The company is the leader of the Starlab joint venture, designed to expand human presence in low-orbit space. Voyager has partnered with Airbus to push the project forward.
The firm intends to deploy net proceeds primarily towards strategic growth initiatives, including investment in research and development programmes and acquisition of capital assets supporting its long-term innovation roadmap. A portion of proceeds may also fund potential mergers and acquisitions within Voyager’s core business areas.
The remaining funds will support general working capital and corporate purposes, including debt repayment, administrative expenses, system improvements, and operational requirements.