Voyager Technologies valued at $3.8 billion as shares more than double in NYSE debut
The Denver, Colorado–based company's stock opened at $69.75 apiece, above the $31 offer price. Voyager raised $382.8 million by selling nearly 12.4 million shares in an upsized IPO.
Voyager's successful flotation comes months after defense and space systems maker Karman (KRMN.N), opens new tab went public. Karman's stock has more than doubled as of Tuesday's close.
Asset managers Janus Henderson Investors and Wellington Management had separately indicated interest in buying up to $60 million of Voyager's shares in the IPO.
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Eroding protections for public lands
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