Satellite Manufacturer York Space Systems (YSS.US) Sets IPO Price at $30-$34 Per Share, Aims to Raise $512 Million

Stock News
Jan 19

York Space Systems (YSS.US), a company that manufactures satellites and mission-critical systems for space and defense projects, has announced the terms for its initial public offering. The Denver, Colorado-based company plans to raise $512 million by offering 16 million shares, with a price range set between $30 and $34 per share. Based on the midpoint of the proposed pricing range, York Space Systems would achieve a market valuation of $4 billion. York Space Systems operates as a prime contractor in the space and defense sector, providing the design, manufacturing, integration, and operation of spacecraft platforms. Its portfolio of spacecraft products includes the S-CLASS, LX-CLASS, and M-CLASS series. Within the Department of Defense's PWSA program (Proliferated Warfighter Space Architecture), the company ranks first in the number of operational spacecraft in orbit (33), the number of contracts (6), and the diversity of contract types. The company has logged over 4 million orbital flight hours across 74 missions and has 17 flight-proven products. Additionally, the company operates more than 45 ground antennas globally. Founded in 2012, York Space Systems plans to list on the New York Stock Exchange under the ticker symbol "YSS." Goldman Sachs, Jefferies, Wells Fargo Securities, J.P. Morgan, Citi, Truist Securities, Baird, and Raymond James are acting as joint book-running managers for the offering.

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