AIRO Group Holdings Announces $100M IPO in Aerospace Sector
AIRO Group Holdings, a leading player in the aerospace, autonomy, and air mobility industry, has confidentially submitted a draft registration statement to the SEC for a proposed $100 million initial public offering. The announcement was made on December 13, 2024. This Albuquerque-based company has plans to list on NASDAQ under the ticker symbol “AIRO”.
The company’s operations span across four major segments:
- Drones
- Avionics
- Training
- Electric Air Mobility
AIRO Group targets a combined total addressable market, which it estimates to be over $315 billion by 2030. Established in 2020, the company reported a revenue of $87 million for the 12 months ending on December 31, 2024.
As the parent company of renowned aviation firms, including Aspen Avionics, AIRO Group capitalizes on decades of industry expertise across drone, aviation, and avionics markets. The IPO proceeds are projected to boost research and development for eVTOL projects and potential acquisitions across its four business segments.
The final number of shares and pricing are still under consideration, pending SEC review approval.