Beta Technologies to price IPO at $34 per share, Bloomberg News reports
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Electric aircraft maker Beta Technologies is expected to price its initial public offering at $34 per share, which is above its marketed range, Bloomberg News reported on Monday, citing people familiar with the matter. The IPO is also double-digits oversubscribed, according to the report, signaling a strong investor confidence for fresh listings. The company had indicated to price its shares in the range of $27 and $33 apiece. Beta Technologies did not immediately respond to a Reuters request
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