Flying Against the Wind: Why This Drone Maker Is Taking the IPO Route

AIRO Group Holdings Inc., a drone and aerospace technology company, has launched its roadshow for a $75 million IPO amid volatile market conditions. The Albuquerque-based firm plans to sell 5 million shares at a price of $14-$16, seeking a fully diluted market value of $381 million. AIRO operates in drones, avionics, training, and electric air mobility, and reported revenue of $87 million for 2024.

 

The step is triggered by rising global military expenditure and the upcoming unmanned aircraft market, with its CAGR to grow by 10.1% through 2033. AIRO aims to catch the surge in demand for autonomous technologies across defense and commercial use. Priced in the week of April 14, the IPO will list on Nasdaq under the ticker symbol "AIRO."

 

Source: MarketWatch, GlobeNewswire, Renaissance Capital