Surf Air Mobility Inc., an electric aviation and regional air travel company, has filed publicly for a direct listing, disclosing details of its operations and finances.
Surf Air, based in the Los Angeles area, says that it had confidentially submitted a draft with U.S. regulators last year for a direct listing in the wake of a collapsed blank-checker merger that would have taken it public at a $1.42 billion valuation. The company is planning for its shares to trade on the New York Stock Exchange under the symbol SRFM and has been working with Morgan Stanley on its listing plans, reported Bloomberg News.