Amazon-backed aerospace startup Beta Technologies files for US IPO

Aerospace startup Beta Technologies filed for an initial public offering in the United States on Monday, the latest company to join the rush to tap a record-breaking bull run in the equity market.

Easing trade tensions, robust stock markets and pent-up investor demand have combined to create one of the busiest windows for listings in years, with technology, aerospace and green energy firms leading the charge.

Beta Technologies, backed by tech giant Amazon, did not disclose the size or terms of its offering.


The company is aiming to trade on the New York Stock Exchange under the symbol "BETA."

Beta Technologies designs, manufactures and sells high-performance electric aircraft, advanced electric propulsion systems, charging systems and components.

Morgan Stanley and Goldman Sachs are the lead underwriters of the offering.