The IPO market has been hot this year with companies like Circle (CRCL) and CoreWeave (CRWV) making blockbuster debuts. The latest to join this list is Firefly Aerospace (FLY), a space and defense technology company.
Closing at $60.35 on Aug. 7, much above its expected IPO price range of $41 to $43, shares of the company have corrected to trade near $54 currently. Thus, the question remains whether investors should look beyond the volatility of the share price and add Firefly to their portfolios. Let’s find out.
