A Flexjet IPO is about to hit the stock market in 2023. Actually, this private jet service will go public via a SPAC merger. And there’s a distinguished billionaire involved on this deal as well. Let’s take a more in-depth have a look at the potential of Flexjet stock and learn more a few special purpose acquisition company in the method.
Flexjet IPO Background Information
Flexjet provides subscription-based private jet services. For instance, this includes fractional jet ownership, private jet leasing, on-demand charters and even full ownership opportunities for more loyal clients. It’s a world leader in private aviation and it’s now planning to go public.
The Flexjet IPO will come via a SPAC merger with Horizon Acquisition Corporation II (NYSE: HZON). Furthermore, Horizon is a “blank-check” company that was created by American billionaire Todd Boehly. And you’ll have heard that name before. He’s one among the brand new owners of the world famous Chelsea Football Club in London, England.
Boehly has been headlining news for months now as a result of comments on English football. But he’s now grabbing the eye of investors as a result of the Flexjet SPAC IPO. This deal will value Flexjet at $3.1 billion, including debt, in response to the press release by Directional Aviation. As well as, the plan is to list on the Recent York Stock Exchange (NYSE) within the second quarter of 2023. Flexjet stock will go public under the ticker symbol “FXJ.”
Is Flexjet a Good Investment?
Presently, we don’t have an excessive amount of details about Flexjet outside of its market offerings for personal jet users. Nonetheless, the press release did give us somewhat insight into its financials.
In response to the press release linked above, Flexjet has a multi-decade track record of profitable growth. Moreover, it has a projected estimated revenue of $2.3 billion in 2022. Its adjusted EBITDA is available in at $288 million for 2022 as well. That is the earnings before interest, taxes, depreciation and amortization.
As you’ll be able to see, that is one of the powerful corporations within the private jet industry. And that’s a serious reason why investors have a lot interest within the Flexjet IPO.
The corporate plans to make use of proceeds from the initial public offering to fund its fleet of jets, together with expanding its maintenance support facilities and personal terminals. Flexjet can also be planning on geographic expansion within the near future as well.
This will probably be huge for its outreach and scalability. In the intervening time, the corporate focuses on fractional ownership. On this case, clients have the chance to own and lease a part of a jet. But this latest deal will help Flexjet speed up its growth and expand its market share rapidly.
Overall, the Flexjet IPO could also be a fantastic investment opportunity. Within the time being, it’s vital to bookmark this SPAC merger and proceed following its progress as we catch up with to the second quarter of 2023.
Investing in IPOs
The IPO process is difficult for even probably the most seasoned investors to grasp fully. That’s why you should do your due diligence before making any investment decisions.
To learn more about IPOs and other stock trends, enroll for probably the greatest investment newsletters. There are stock market experts that provide each day stock insights and evaluation to allow you to along your investing journey. You should use this research to higher protect and enhance your portfolio during a difficult market.
It’s clear that the Flexjet IPO will proceed to realize plenty of attention over the approaching months as more information comes out. Until then, there are various long-term opportunities to think about while stocks are low.
Corey Mann is the Content Manager of Investment U. He has greater than 10 years of experience as a journalist and content creator. Since 2012, Corey’s work has been featured in major publications similar to The Virginian-Pilot, The Washington Post, CNN, MSNBC and more. When Corey isn’t specializing in Investment U, he enjoys traveling along with his wife, going to Yankees games and spending time along with his family.