Loar Trading Volume Surges 158% to $536 Million, Ranks 178th in Daily Turnover

On May 15, 2025, Loar (LOAR) saw a significant increase in trading volume, with a turnover of $536 million, marking a 158.37% rise from the previous day. This surge placed Loar at the 178th position in terms of daily trading volume. The stock price of Loar rose by 0.31%.

Loar Holdings Inc. recently announced the pricing of a secondary public offering, involving 9 million shares of common stock sold by certain stockholders at $83.41 per share. Additionally, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1.35 million shares at the same price, minus underwriting discounts and commissions. The offering is expected to close on May 16, 2025, subject to customary closing conditions. All proceeds from this offering will go to the selling stockholders, with Loar not receiving any proceeds from the sale.

Jefferies and Morgan Stanley are acting as lead book runners for the offering, with Moelis & Company, Citigroup, and RBC Capital Markets also serving as book runners. Blackstone is acting as co-manager. The offering is being made through a prospectus supplement and accompanying base prospectus filed with the SEC. The registration statement for this offering was filed on May 1, 2025, and became effective upon filing.