Defense tech company Voyager raises $382.8 million in U.S. IPO

According to Reuters, Voyager Technologies, a space and defense technology company, completed its U.S. IPO on June 10, raising $382.8 million. The company and some investors issued approximately 12.35 million shares at $31 per share, exceeding the original range of $26 to $29. Based in Denver, Colorado, the company focuses on critical mission space and defense technology solutions. This fundraising takes place against the backdrop of the U.S. government significantly increasing defense and space expenditures. The stock will be listed on the New York Stock Exchange on Wednesday under the ticker "VOYG". Morgan Stanley and JPMorgan Chase are the lead underwriters.