Docs Filed for Cirrus Aircraft IPO in Hong Kong

Julie Boatman

Saturday, June 10, 2023 at 12:02 PM ET

Verified

Cirrus Aircraft merged with AVIC's CAIGA, based in Zhuhai, China, in 2011. [Courtesy Cirrus Aircraft]

Key Takeaways:

Cirrus Aircraft has filed documents for a $300 million Initial Public Offering (IPO) on the Hong Kong Stock Exchange.
The company explicitly states it will not register with the U.S. Securities Exchange Commission (SEC) or solicit U.S. investors, intending to maintain its status as a "foreign private issuer."
The IPO aims to raise capital for further investment in product development, production capabilities, global service expansion, and overall business growth.
This move follows Cirrus Aircraft's 2011 merger with China Aviation Industry General Aircraft (CAIGA), a division of the Chinese state-owned AVIC.

See a mistake? Contact us.

Cirrus Aircraft, headquartered in Duluth, Minnesota, has filed documents for a $300 million IPO in Hong Kong, according to a report by International Finance Review on Friday.

The report stemmed from a regulatory filing accessed by FLYING. Within the filing is language indicating that the company does not intend to register with the Securities Exchange Commission nor solicit U.S. investors: