Electric aircraft maker Beta Technologies has raised more than $1 billion in its U.S. initial public offering, pricing shares above the expected range at $34 each. The sale of 29.9 million shares gives the Vermont-based company a valuation of about $7.4 billion and marks one of the largest listings in the resurgent IPO market. Beta’s stock is set to debut Tuesday on the New York Stock Exchange under the ticker symbol “BETA.”

Founded in 2018 by CEO Kyle Clark, Beta Technologies designs and manufactures electric aircraft, propulsion systems and charging infrastructure. The company has logged nearly 83,000 nautical miles of flight time with its conventional takeoff and landing aircraft, according to filings cited by Bloomberg. Certification of that aircraft is targeted for late 2027 or early

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