York Space raises $629 million in upsized US IPO
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York Space Systems has successfully raised $629 million in its upsized U.S. IPO, pricing shares at $34 each. The Denver-based satellite company sold 18.5 million shares, exceeding its initial price range. The IPO reflects a resurgence in the market, aided by Federal Reserve rate cuts. York, founded in 2012, provides low-cost satellite platforms and has clients including the Pentagon. The company is set to list on the NYSE under the ticker "YSS". Major investment firms like Goldman Sachs and Jefferies are managing the offering.
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