Job Aire(JAG.US), a human resources company for the aviation industry, priced its IPO at $4.5-5.5 per share, planning to raise $8 million.

Job Aire Group (JAG.US), a provider of human resources services for the aviation industry, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) on Wednesday, planning to offer 1.6 million shares at a price range of $4.50 to $5.50 per share, raising up to $8 million. At the midpoint of the proposed range, Job Aire would have a market capitalization of $53 million.

Job Aire provides comprehensive staffing solutions for all aspects of the aviation industry, with a particular focus on providing aviation mechanics and technicians to U.S. aircraft maintenance facilities. Currently, the company has approximately 96% of its employees from Mexico and Chile, which are managed by the company’s Mexico office.

Job Aire Group was founded in 2007 and is headquartered in Tucson, Arizona, with revenues of $3 million for the twelve months ended March 31, 2024. The company plans to list on the New York Stock Exchange under the symbol JAG and confidentially filed on February 13, 2024. Spartan Capital Securities is the sole book running manager for the transaction.