HawkEye 360 is targeting a valuation of up to $2.42 billion in a U.S. initial public offering, the Herndon, Virginia-based company said Monday. Proceeds from the offering could reach $416 million, with 16 million shares expected to price in a range of $24 to $26 each.
HawkEye 360 filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission in April and plans to list on the New York Stock Exchange under the ticker symbol "HAWK," the company said. Goldman Sachs $GS and Morgan Stanley $MS are serving as lead book-running managers, with RBC Capital Markets, Jefferies, and BofA Securities as additional book-running managers.