Nov 3 (Reuters) - Electric aircraft maker Beta

Technologies has raised $1.01 billion in its U.S. initial public

offering on Monday, pricing its shares above its indicated range

and underscoring the strong pipeline of new listings in the

resurgent IPO market.

The Vermont-based company sold 29.9 million shares at $34

apiece, above its indicated range of $27 to $33, and giving it

potential valuation of $7.44 billion.

U.S. IPO activity has remained strong, with several

high-profile listings hitting the markets in recent months,

following an earlier slowdown triggered by U.S. President Donald

Trump's shifting trade policies and broader macroeconomic

volatilities.

The government shutdown, however, has caused short-term

delays in the pipeline.

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 aircraft has been used by the U.S. military in

training missions and flown by the Federal Aviation

Administration.

The company is set to debut on the New York Stock Exchange

on Tuesday under the ticker symbol "BETA".

Morgan Stanley, Goldman Sachs, BofA Securities, Jefferies

and Citigroup were among the underwriters for the offering.