The American geospatial analytics company Hawkeye 360 Inc. plans to raise $416 million in an IPO. This is reported in the Hawkeye 360 press release.
Hawkeye 360 intends to sell 16 million shares at a price of $24-26 in order to increase the company's market value to $2.4 billion through the placement of shares. Goldman Sachs Group Inc. and Morgan Stanley are acting as the organizers of the IPO.
The funds raised will be used to repay the debt and finance the deferred payment as part of the acquisition of Innovative Signal Analysis, a developer of signal processing technologies in Dallas, Texas, in December 2025.
As part of the latest funding round, the market value of the Hawkeye 360 was estimated at $2 billion due to the attraction of $173 million from NightDragon. The shareholders of Hawkeye 360 with a stake of more than 5% also include Insight Partners, the Singapore-based GIC Pte fund and Razor's Edge Ventures II.
Hawkeye 360 owns and operates a constellation of more than 30 satellites that listen to radio signals from radars and satellite phones, using proprietary algorithms to process classified data for the US government.
The placement of Hawkeye 360 shares is in line with the general trend of IPOs in the defense technology sector amid rising military spending. In particular, the shares of the provider of electronic components for aerospace and defense companies, Arkis Inc., increased by 38%, and the shares of the manufacturer of military drones, Aevex Corp. — by 35%.
HawkEye 360 is an American geospatial analytics company specializing in the collection and analysis of radio frequency (RF) signal location data using satellite constellation. Headquarters: Herndon, Virginia.
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