Surf Air’s Shares Assigned 20 Reference Price by NYSE
Surf Air, a California-based private aviation company, has been assigned a reference price of $20 per share by the New York Stock Exchange (NYSE). The company is set to go public on July 27th, 2023, and the reference price will be used to determine the opening price of the stock.
Surf Air’s Background
Surf Air was founded in 2013 and is based in Santa Monica, California. The company provides private air travel services to its members, who pay a monthly fee for access to its fleet of aircraft. The company has grown rapidly since its inception, and now operates in the United States, Europe, and the Middle East.
Surf Air’s IPO
Surf Air is set to go public on July 27th, 2023, and the reference price of $20 per share has been assigned by the NYSE. The company is offering up to 25 million shares of its common stock, and the proceeds from the offering will be used to fund its growth and expansion.
Surf Air’s Financials
Surf Air reported revenue of $97.3 million for the fiscal year ended December 31st, 2022. The company reported a net loss of $20.2 million for the same period. The company has not yet reported its financial results for the first quarter of 2023.
Surf Air’s Business Model
Surf Air’s business model is based on providing private air travel services to its members. The company charges a monthly fee for access to its fleet of aircraft, and members can book flights on demand. The company also offers a variety of other services, such as concierge services, ground transportation, and in-flight catering.
Surf Air’s Growth Prospects
Surf Air has experienced rapid growth since its inception, and the company is well-positioned to capitalize on the growing demand for private air travel services. The company has a strong presence in the United States, Europe, and the Middle East, and is well-positioned to capitalize on the growing demand for private air travel services in these regions.
Surf Air’s Competition
Surf Air faces competition from a number of other private aviation companies, including JetSuite, Wheels Up, and VistaJet. These companies offer similar services to Surf Air, and compete for customers in the same markets.
Surf Air’s Outlook
Surf Air is well-positioned to capitalize on the growing demand for private air travel services. The company has a strong presence in the United States, Europe, and the Middle East, and is well-positioned to capitalize on the growing demand for private air travel services in these regions. The company’s IPO is expected to provide the company with the capital it needs to continue to grow and expand its operations.