Carbon tax protest at Nova Scotia-New Brunswick border | SaltWire #newbrunswick #novascotia #rally - Loar Holdings plans to list its shares in a U.S. initial public offering, the aerospace and defense components manufacturer said in a filing on Tuesday, in another sign that the two-year lull in capital markets is coming to an end.
Loar, which specializes in the design, manufacture and sale of niche components essential for aircraft, had acquired a slew of companies including AGC, CAV and Desser Aerospace to tap into newer geographies.The New York-based company is looking to cash in on an ebullient market that recently hosted several stellar debuts, including Reddit and Astera Labs, as potential rate cuts and strong earnings spurred a revival in IPOs.Founded in 2012 and led by chief executive officer Dirkson R.
However, it reported a wider net loss of $4.62 million for the same period compared with $2.47 million a year earlier. The company, which did not disclose the size of the offering, plans to list its common stock on the New York Stock Exchange under the symbol"LOAR".
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