Surveillance Firm Hawkeye 360 Raises $416 Million in IPO (1)

Hawkeye 360 Inc., a provider of satellite-based signals intelligence for US government agencies, raised $416 million in a US initial public offering priced at the top of a marketed range.

The Herndon, Virginia-based company sold 16 million shares at $26 apiece, the company said in a statement, confirming an earlier Bloomberg News report. The shares, which were marketed at $24 to $26 each, will begin trading Thursday on the New York Stock Exchange under the symbol HAWK.

The final pricing values Hawkeye 360 at $2.4 billion, based on the outstanding shares in its filings.

Founded in 2015, Hawkeye ...