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) in Hong Kong.
The company explicitly states it does not intend to register with the U.S. Securities Exchange Commission (SEC) nor solicit U.S. investors for this offering.
Cirrus aims to raise capital through the IPO to invest in its workforce, product development, production capabilities, and global service and infrastructure.
Cirrus Aircraft merged with China Aviation Industry General Aircraft (CAIGA), a Chinese state-owned firm, in 2011, providing background for the Hong Kong listing.

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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: