Singapore's eVTOL Developer Neo Aeronautics (NEOA.US) Files for US IPO, Aims to Raise $11 Million

Stock News12-22 16:48

Singapore-based eVTOL and conventional aircraft developer Neo Aeronautics (NEOA.US) has filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) to raise up to $11 million. The company plans to issue 2.5 million shares at a price range of $4–$5 per share, with a total fundraising target of $11 million. At the midpoint of the proposed price range, Neo Aeronautics would have a valuation of $125 million.

Neo Aeronautics specializes in developing electric and conventional vertical takeoff and landing (VTOL) platforms for the U.S. sports and leisure market, logistics solutions, and customized aviation applications. Its product lineup includes single-seat eVTOL aircraft weighing under 254 pounds, unmanned drones with a payload capacity of up to 220 pounds, and specialized aircraft capable of carrying over 100 pounds. The company’s brand portfolio features the personal aircraft "Crimson" series, logistics-focused "Pegasus" series, and mission-specific "SeaArcher" series.

Currently, Neo Aeronautics has not generated any revenue. Founded in 2018, the company intends to list on the NYSE American under the ticker "NEOA." Revere Securities is serving as the sole book-running manager for the offering.

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