Firefly Aerospace, backed by Northrop Grumman, raised its IPO price range to target a valuation of up to $6.04 billion in its U.S. listing. The Texas-based startup aims to raise $696.6 million by selling 16.2 million shares priced between $41 and $43 each. Analysts see strong demand for IPOs, despite concerns of a potential labor market slowdown. At the top end of its range, Firefly’s valuation would be a significant jump from its previous funding round. The company is set to price the IPO on Wednesday and begin trading on Nasdaq under the symbol “FLY” the next day.

Read more at Yahoo Finance: Firefly Aerospace lifts IPO price range, targets $6 billion valuation amid space investment boom