Space data specialist HawkEye 360 files for NYSE IPO

Specifically, it has filed a registration with the U.S. Securities and Exchange Commission (SEC) relating to a proposed offering of its common stock. The number of shares to be offered and the price range, however, have not yet been determined.

HAWK

The Herndon, Virginia-based company intends to list its shares on the New York Stock Exchange under the ticker symbol “HAWK”. It is seen as a disruptor within the defence intelligence domain.

Goldman Sachs and Morgan Stanley will be managing the offering. RBC Capital Markets, Jefferies, and BofA Securities are acting as additional “book-running managers”.

RF data

HawkEye 360 operates a constellation of satellites that detects, characterises and geolocates radio frequency signals from a range of emitters, whether used for communication, navigation or security. The U.S. Government is among its customers. For example, the U.S. Air Force Research Laboratory (AFRL) and the U.S. Army.

By processing such RF data the company says it delivers “high-impact actionable insights” for environmental and national security issues.

It currently has more than 40 satellites in orbit, which were launched in clusters of three to trilaterate signals.

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