Vermont’s Beta Technologies made its debut in the public market on Tuesday, selling $1 billion in a high-demand stock offering that exceeded earlier predictions for its size and pricing.

“The market responded incredibly well,” founding CEO Kyle Clark said in a press conference from the New York Stock Exchange on Tuesday following the company’s 34 million share offering at $34 a share. “It’s obviously a huge day for us down here.”

Clark’s company indicated last month that it intended to offer just 25 million shares in a price range of between $27 and $33 each in its offering, but eventually issued more shares that started trading just above the projected price due to demand. When the stock market closed on Tuesday, Beta’s share price had increased about 6% to $36.

Beta, which employs mor

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