April 27 (Reuters) – Spatial analytics company HawkEye 360 said on Monday it is targeting a valuation of up to $2.42 billion in a U.S. initial public offering.
The Herndon, Virginia-based company seeks to raise up to $416 million by offering 16 million shares priced between $24 and $26 each.
After volatile stock markets and escalating tensions in the Middle East in the first few months of 2026, the IPO market has regained momentum, with several well-known companies announcing their intention to list in New York.
Elon Musk’s SpaceX filed confidentially for a U.S. initial public offering earlier this month, opening the door for more companies to enter public markets and boosting confidence among aerospace technology companies as they move forward with plans to go public.
HawkEye plans to list on the New York Stock Exchange under the symbol “HAWK” with underwriters including Goldman Sachs, Morgan Stanley, RBC Capital Markets and Jefferies.
(Reporting by Utkarsh Shetti and Pritam Biswas in Bengaluru; Editing by Shailesh Kuber)