Voyager Announces Pricing of $383.8 Million IPO at $31 per Share

Voyager Technologies has priced its initial public offering of 12.3 million shares at $31.00 per share, with net proceeds to fund strategic growth initiatives, research and development, and potential mergers and acquisitions. The offering is expected to close on June 12, 2025, with Voyager's Class A common stock set to trade on the New York Stock Exchange under the ticker symbol "VOYG" on June 11, 2025.

Voyager Technologies, Inc. (VOYG) has priced its initial public offering (IPO) of 12.3 million shares at $31.00 per share, with net proceeds earmarked for strategic growth initiatives, research and development, and potential mergers and acquisitions. The offering is expected to close on June 12, 2025, with the company's Class A common stock set to trade on the New York Stock Exchange (NYSE) under the ticker symbol "VOYG" on June 11, 2025 [1].

Voyager Technologies, based in Denver, Colorado, is a multi-entity platform providing critical infrastructure and services for the space economy. The company's subsidiaries, including Nanoracks, focus on satellite deployment, mission logistics, and space station support. The IPO aims to fuel future growth, increase visibility, and expand strategic capabilities by tapping into the public markets [1].

The IPO details are as follows:
- Total shares offered: 12.3 million shares of Class A common stock
- Price per share: $31.00
- Expected gross proceeds: Approximately $386.3 million (excluding any shares sold through over-allotment)
- Ticker symbol: VOYG
- Exchange: New York Stock Exchange (NYSE)
- Overallotment option: An additional 1.845 million shares may be issued if demand exceeds expectations
- Directed share program: Up to $20 million worth of shares reserved for employees, board members, and their close networks
- Lead underwriters: Morgan Stanley and J.P. Morgan, joined by Barclays, Jefferies, BofA Securities, KeyBanc Capital Markets, and Wolfe Nomura Alliance

Voyager Technologies will have a dual-class share structure, with Class A shares carrying one vote and Class B shares carrying 15 votes and convertible to Class A shares under certain conditions. Dylan Taylor, the company's Chairman and CEO, will retain significant voting power post-IPO, holding approximately 10.3% of the equity but controlling 63.4% of the voting power [1].

The IPO comes at a time when the space industry is experiencing significant growth and innovation. Voyager Technologies' strategic acquisitions and platform approach position it as a vertically integrated space infrastructure provider. The company's operational subsidiaries are already delivering services, setting it apart from many space-related startups that hinge on unproven technologies [1].

Investors should be aware of several key risks, including limited operating history, revenue uncertainty, market volatility, governance control, and the capital-intensive nature of the space tech industry. However, the involvement of institutional investors like Janus Henderson Investors and Wellington Management suggests a high level of confidence in Voyager's business model and growth potential [1].

In conclusion, Voyager Technologies' IPO presents an opportunity for investors to own a stake in a company at the forefront of the commercial space race. As with any frontier investment, it is crucial to balance excitement with diligence, read the fine print, and consider the long-term potential of the company.

References:
[1] https://www.tradingcalendar.com/post/voyager-voyg-ipo