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SURF AIR MOBILITY EXPECTS NYSE DEBUT ON July 11

NEWS Desk Global


On Thursday, electric aviation and regional air travel company Surf Air Mobility announced its anticipation for the commencement of trading for the company's shares on July 11th, marking the potential debut of the first major direct listing in the United States in months. The company stated in a filing with the Securities and Exchange Commission that its shares are expected to be listed on the New York Stock Exchange under the ticker symbol "SRFM".

In a direct listing, unlike an initial public offering (IPO), shares are not sold in advance. Shareholders have the option to sell shares directly to the public, with proceeds netted from the sale. The initial stock price is determined by orders received by the stock exchange.

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