Oct 15 (Reuters) - Electric aircraft maker Beta
Technologies set the terms for its upcoming initial public
offering in the United States on Wednesday.
The Vermont-based company plans to offer 25 million shares
priced between $27 and $33 each and is seeking to raise up to
$825 million.
Beta designs, manufactures and sells high-performance
electric aircraft, advanced electric propulsion systems,
charging systems and components.
The company filed for an initial public offering in late
September and reported a net loss of $25.57 per share for the
six months ended June 30, compared with $19.38 per share a year
earlier.
It will list on the New York Stock Exchange under the ticker
symbol "BETA".