SRFM News

reAlpha Tech (AIRE) completed the year's fourth direct listing on Monday, and it's the latest to deliver extremely volatile trading in its first days as a public company. The short-term rental operator listed on the Nasdaq and soared on its first day, reaching an intraday high of $575 with little volume. It ended the day just shy of $407, a nearly ...read more

The air mobility space is taking off, and small aviation companies are lining up to go public. In addition to Surf Air Mobility's direct listing last month, six more private air travel companies are on tap to list in the US (four via SPAC, two via IPO). In the past month alone, three private jet transportation companies filed or announced listings. ...read more

Eleven issuers raised a combined $939 million in July, well below the 10-year average (22 IPOs, $5.1B). Four deals raised $80 million or more, along with the year’s first direct listing (SRFM), and a wave of small issuers, which have largely disappeared in recent months. The two largest IPOs, DTC beauty retailer ODDITY Tech (ODD) and inflammatory disease...read more

A handful of small IPOs and one direct listing closed out the last full week of July. Aviation company Surf Air Mobility (SRFM) completed the first direct listing of 2023, opening 75% below its reference price to begin trading at $5. The company provides a regional air mobility platform and intends to develop powertrain technology to electrify existing fleets...read more