Overview
- Selling 29.9 million shares at $34 each raised about $1.01 billion, above the marketed $27–$33 range.
- The pricing implies a potential valuation of roughly $7.44 billion, according to Reuters.
- Shares are scheduled to list today on the New York Stock Exchange under the symbol BETA.
- Reports said the deal was oversubscribed by double digits, signaling strong investor demand.
- Morgan Stanley, Goldman Sachs, BofA Securities, Jefferies and Citigroup led underwriting for the offering.