Loar Holdings Inc.

Loar Holdings Inc. (LOAR) priced its initial public offering on Apr 26, 2024 at $28.00 per share, above its $24.00–$26.00 range, raising $308M, and listed on NYSE. At the IPO price its market capitalization was about $2.46B. Benesch, Friedlander, Coplan & Aronoff advised the company and Ropes & Gray advised the underwriters.

Loar Holdings Inc. manufactures aircraft components for nearly every major aircraft platform, including auto throttles, seat belts, lap-belt airbags, water purification systems, fire barriers, latches, sensors, brake discs, ice protection systems, sealing solutions and actuation devices.

Status

IPO

Ticker

LOAR

Exchange

NYSE

Priced

Apr 26, 2024

IPO price

$28.00

Price range

$24.00–$26.00

Raised

$308M

Market cap at IPO price

$2.46B

First filed

Apr 2, 2024

Company counsel

Benesch, Friedlander, Coplan & Aronoff

Underwriters' counsel

Ropes & Gray

Sector

Industrials & materials

Country / state

NY

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.