Amazon-backed eVTOL company Beta Technologies debuts at $34 on NYSE
Adrian Bogdan
Beta Technologies, an electric aircraft company, debuted on the New York Stock Exchange on Tuesday at $34 a share. On Monday, the company priced shares in its IPO at $34 each , above its expected range of $27 to $33 . Beta said it sold 29.9 million shares, raising over $1 billion. The stock traded about 5% lower after it opened. Beta's IPO marks a major test for the small but competitive electric vertical takeoff and landing (eVTOL) industry that's been vying for approval from the Federal
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