Satellite manufacturer York Space Systems (YSS.US) plans to price its IPO at $30-34 per share, aiming to raise $512 million.

York Space Systems (YSS.US) is a company that manufactures satellites and mission-critical systems for space and defense projects. The company has announced its IPO terms. The company, based in Denver, Colorado, plans to raise $512 million by issuing 16 million shares at a price range of $30 to $34 per share. Based on the midpoint of the proposed pricing range, York Space Systems' market value will reach $4 billion. York Space Systems is a leading contractor in the space and defense industries, providing design, manufacturing, integration, and operation of spacecraft platforms. Its spacecraft product portfolio includes the S-CLASS, LX-CLASS, and M-CLASS series. The company ranks first in terms of the number of operational spacecraft in orbit (33), number of contracts (6), and diversity of contract types in the Department of Defense's PWSA project (Proximate Low Earth Orbit Satellite Architecture project). The company has logged over 4 million orbit flight hours in 74 missions and has 17 flight-proven products. Additionally, the company operates over 45 ground antennas globally. Founded in 2012, York Space Systems plans to list on the New York Stock Exchange under the ticker symbol "YSS". Goldman Sachs Group, Inc., Jefferies Financial Group Inc., Wells Fargo & Company Securities, JPMorgan, Citigroup, Truist Securities, Baird, and Raymond James are the joint bookrunners for this transaction.