Rolls-Royce-Backed Reaction Engines Plans London IPO, Sky News Reports
25 Agosto 2022 - 3:29AM
Dow Jones News
--Reaction Engines, a U.K. aerospace company backed by
Rolls-Royce Holdings PLC and Boeing Co., is planning a path to a
listing in London potentially as early as 2024, Sky News
reports.
--The Oxfordshire-based company expects a listing that could
value it at between one billion and two billion pounds ($1.18
billion-$2.36 billion), Sky News reports, citing a presentation to
investors.
--Reaction, which employs more than 200 people in the U.K. and
Colorado, has told shareholders it plans to raise
pre-initial-public-offering funding in around 18 months, to pave
the way for the public sale of shares, Sky News reports.
Full story: https://bit.ly/3cep1a5
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
August 25, 2022 02:14 ET (06:14 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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