Electric aircraft maker Beta Tech files for US IPO

Electric aircraft maker Beta Technologies filed for an initial public offering in the United States on Monday, the latest company to join the rush to tap a record-breaking bull run in the equity market, reports Reuters.
Easing trade tensions, robust stock markets and pent-up investor demand have combined to create one of the busiest windows for listings in years, with technology, aerospace and green energy firms leading the charge.
Beta Technologies designs, manufactures and sells high-performance electric aircraft, advanced electric propulsion systems, charging systems and components.
Electric aviation remains a niche segment of the transportation industry, with only a handful of companies developing and testing commercial aircraft.
"Beta's IPO plays into two narratives that are resonating with investors: the long-term electrification trend and renewed appetite for selective growth stories," said Kat Liu, vice president at IPO research firm IPOX.
Beta Technologies, citing internal estimates, said operating costs for its aircraft are 42% lower than conventional planes, thanks to a simplified design.