{"id":12776,"date":"2023-07-11T17:07:21","date_gmt":"2023-07-11T14:07:21","guid":{"rendered":"https:\/\/www.robomarkets.com\/blog\/?p=12776"},"modified":"2024-01-30T17:20:48","modified_gmt":"2024-01-30T14:20:48","slug":"top-3-companies-planning-to-go-public-in-july-2023","status":"publish","type":"post","link":"https:\/\/www.robomarkets.com.cy\/blog\/stock-market\/ipo\/top-3-companies-planning-to-go-public-in-july-2023\/","title":{"rendered":"Top 3 Companies Planning to Go Public in July 2023"},"content":{"rendered":"\n

Surf Air Mobility Inc., XJet Ltd., and Med-X Inc. are on the Top 3 list of companies with the largest listings by market capitalisation scheduled for July 2023.<\/p>\n\n\n\n

Today we will explore the issuers’ business models, the details of their scheduled initial public offerings, and the outlook for their target markets. We will also look at the financial position of these companies, and their strengths and weaknesses.<\/p>\n\n\n\n

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<\/span><\/a>1. DPO of Surf Air Mobility Inc. – 597 million USD<\/span><\/h2>\n\n\n
<\/rg-instrument><\/div>\n\n\n\n

Year of registration:<\/strong> 2011<\/p>\n\n\n\n

Registered in:<\/strong> the US<\/p>\n\n\n\n

Headquarters:<\/strong> Hawthorne, California<\/p>\n\n\n\n

Sector:<\/strong> industrials<\/p>\n\n\n\n

Date of DPO:<\/strong> 07.07.2023<\/p>\n\n\n\n

Exchange:<\/strong> NYSE<\/p>\n\n\n\n

Ticker:<\/strong> SRFM<\/p>\n\n\n\n

Surf Air Mobility Inc. is involved in regional air travel in 18 US states. The issuer’s aircraft fleet is based on light turboprop aircrafts. Surf Air Mobility Inc. plans to switch to vehicles with hybrid powertrains in the near future and electric powertrains later on. The company could become one of the first fully sustainable air carriers in the country.<\/p>\n\n\n\n

\"Flight
Flight geography of Surf Air Mobility Inc.*<\/em><\/figcaption><\/figure>\n\n\n\n

Investments raised (as at 31.03.2023) amount to 337.2 million USD.<\/p>\n\n\n\n

The main investors are individuals, namely Liam Fayed and Sudhin Shahani.<\/p>\n\n\n\n

<\/span><\/a>The outlook for Surf Air Mobility’s target market<\/span><\/h3>\n\n\n\n

According to a report by McKinsey & Company, the US regional air travel market is valued at 15 billion USD in 2023 and could reach 22 billion USD by 2035. The compound annual projected growth rate from 2022 to 2035 inclusive is 3.2%.<\/p>\n\n\n\n

<\/span><\/a>Financial performance of Surf Air Mobility<\/span><\/h3>\n\n\n\n
\"Financial<\/a>
Financial performance of Surf Air Mobility Inc.*<\/em><\/figcaption><\/figure>\n\n\n\n

Revenue for 2022: 20.3 million USD, +71.8% <\/p>\n\n\n\n

Net loss for the same period: 74.4 million USD, +107.8%<\/p>\n\n\n\n

Net cash flow (as at 31.03.2023): −31.6 million USD<\/p>\n\n\n\n

Cash and cash equivalents (as at 31.03.2023): 0.2 million USD<\/p>\n\n\n\n

Liabilities (as at 31.03.2023): 124.2 million USD<\/p>\n\n\n\n

<\/span><\/a>Strengths and weaknesses of Surf Air Mobility<\/span><\/h3>\n\n\n\n

Strengths:<\/p>\n\n\n\n