July 28 (Reuters) -

Space and defense technology firm Firefly Aerospace is

targeting a valuation of about $5.5 billion in its U.S. initial

public offering, as investor demand for newly listed stocks

shows signs of a sustained rebound.

The company is aiming to sell its shares between $35 and $39

apiece to raise as much as $631.8 million, a regulatory filing

showed on Monday.

The U.S. IPO market is showing signs of steady recovery in

2025 after a slump of almost three years, as easing interest

rates, improved market conditions and a backlog of high-growth

companies revive investor appetite.

Several notable listings, including neo-bank Chime

and stablecoin issuer Circle, have rekindled

optimism in recent weeks, with more firms preparing to test the

waters in the second half of the year.

Firefly Aerospace expects to trade on the Nasdaq under the

ticker symbol 'FLY'.

Goldman Sachs, J.P. Morgan, Jefferies and Wells Fargo

Securities are the lead underwriters of the offering.