HawkEye 360 targets $2.4B valuation in NYSE IPO

HawkEye 360, a signals intelligence firm located in Virginia, is planning to launch an initial public offering on the New York Stock Exchange, using the ticker HAWK. The company aims to generate as much as $416 million by selling 16 million shares, with each share priced between $24 and $26. If shares are priced at the midpoint, the firm’s valuation would be around $2.4 billion. This IPO is taking place amid increasing demand for satellite-based intelligence services from both commercial and government sectors. Established in 2015, HawkEye 360 has secured substantial venture capital funding and intends to use the proceeds for working capital, capital expenditures, and general corporate needs.