initial public offerings (IPOs) trading on American exchanges

Thursday, October 10, 2024

Surf Air Mobility (SRFM) began trading on the NYSE on Thur 27 Jul 23

  • This was a direct listing on the NYSE.  Unlike an initial public offering, in a direct listing shares are not sold in advance. Shareholders are allowed to sell shares directly to the public and net any proceeds from the sale.
  • Shares debuted on the New York Stock Exchange at $5 per share below its reference price of $20.
  • Aug 19, 2024: reverse split of 1-for-7
  • Oct 3, 2024: Palantir has recently invested nearly $1.6 million in Surf Air Mobility   
Sector(s): Industrials
Industry: Airlines
Full Time Employees: 786

Surf Air Mobility is a Los Angeles-based regional air mobility platform expanding the category of regional air travel to transform flying through the power of electrification. In an effort to substantially reduce the cost and environmental impact of flying and as the owner of the largest commuter airline in the U.S., Surf Air Mobility intends to develop powertrain technology with its commercial partners to electrify existing fleets and bring electrified aircraft to market at scale. 

 
 



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