Job Aire (JAG.US), an aviation human resources company, plans to price its IPO at $4.5-5.5 per share and aims to raise $8 million.

Job Aire Group (JAG.US), which provides human resources services for airlines, submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) on Wednesday, planning to issue 1.6 million shares of stock at a price between $4.5 and $5.5 per share, raising up to $8 million. Based on the proposed range, Job Aire's market value will reach $53 million. Job Aire provides comprehensive staffing solutions for various aspects of the aviation industry, with a focus on providing aircraft mechanics and technicians for U.S. aircraft maintenance facilities. Currently, about 96% of the company's employees come from Mexico and Chile, with recruitment for these two regions being managed by offices in Mexico. Founded in 2007, Job Aire Group is headquartered in Tucson, Arizona, and had revenue of $30 million in the 12 months leading up to March 31, 2024. The company plans to list on the New York Stock Exchange under the ticker symbol JAG, and had confidentially filed on February 13, 2024. Spartan Capital Securities is the sole bookrunner for this transaction.