Aerospace parts manufacturer Loar Holdings aims up to $2.28 billion valuation in US IPO

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Loar said it was targeting to raise up to $286 million by offering 11 million shares at a price range of $24 and $26 apiece.

The New York-based company joins the list of new entrants looking to take advantage of the buoyant capital markets that is rebounding after a two-year dry spell.

© Reuters. FILE PHOTO: A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 4, 2024. REUTERS/Andrew Kelly/File Photo

Loar will list its shares on the New York Stock Exchange under the symbol “LOAR”.

Jefferies, Morgan Stanley and Citigroup are among the underwriters for the offering.