Firefly Aerospace, the Cedar Park-based space and defense firm that recently completed a successful moon landing, announced July 11 that it would become a publicly-traded company with the launch of its initial public offering.

Zooming in

The dates and details of the IPO are still pending. A spokesman for Firefly was not able to confirm how many shares the company is making available or what the price range for the offering will be. Firefly announced it would be filing a Form S-1 registration statement with the Securities and Exchange Commission for an IPO of its stock.

The company confirmed in a press release that the ticker symbol on the Nasdaq Global Market will be “FLY.” Goldman Sachs, J.P. Morgan, Jeffries and Wells Fargo Securities will be the primary managers for the proposed offering.

Why it matters

The IPO will allow Firefly to become a publically-traded company on the New York Stock Exchange. Private companies will often go public to raise capital for growth and to increase their public profile, and are subject to much stricter government regulations.