HawkEye 360's IPO
Listed May 7, 2026 at $26 on NYSE as HAWK. Today 42% below its $26 offer price; its first day closed +30.8%.
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HawkEye 360 in brief
| Fact | HawkEye 360 |
|---|---|
| Founded | 2015 |
| Incorporated | Delaware, 2015 |
| Headquarters | Herndon, Virginia |
| Employees | 395 full-time, as of December 31, 2025 |
| Website | he360.com |
What is the offering?
Each figure names the filing it is from and that filing's date. The market cap is Breakaway's arithmetic from the prospectus's share count.
| Fact | HawkEye 360 |
|---|---|
| Shares offered | 16,000,000 |
| Offer price | $26 a share |
| Raised at that price | $416 million |
| Underwriters' discount | $29.1 million |
| Net proceeds the company expects | About $378 million |
| Underwriters' option | 2,400,000 more shares |
| Underwriters | Goldman Sachs, Morgan Stanley, RBC Capital Markets, Jefferies, BofA Securities, and Baird, with 3 more |
| Exchange | New York Stock Exchange, as HAWK |
| Shares outstanding after | 93,084,412 |
| Market cap at the offer price | $2.42 billion |
What the filing says about its money
| Fact | HawkEye 360 |
|---|---|
| Revenue | $98.7 million, year to December 31, 2025 |
| Net income | $2.7 million, year to December 31, 2025 |
| Last preferred stock | Series E preferred |
What risks does HawkEye 360 name first?
- “We have a limited operating history in an evolving industry, which makes it difficult to forecast our revenue, plan our expenses, and evaluate our business and future prospects.”
- “We may not be able to generate, sustain, and manage our growth due to a variety of external factors.”
- “We have a history of losses, we anticipate increasing operating expenses in the future, and we may not be able to continue to achieve and maintain profitability.”
Dates so far
| What | Day |
|---|---|
| Registration filed | Apr 10, 2026 |
| Exchange registration filed | May 4, 2026 |
| Declared effective by the SEC | May 6, 2026 |
| Priced | May 6, 2026 |
| First trade | May 7, 2026 |
| Lock-up ends | Nov 2, 2026, at the latest |
How did its first days trade?
From its daily bars, each close against its $26 offer price.
| Day | Open | Close | From the offer |
|---|---|---|---|
| May 7 | $33.80 | $34 | +30.8% |
| May 8 | $33.05 | $33.20 | +27.7% |
| May 11 | $32.59 | $33.19 | +27.7% |
| May 12 | $34.50 | $34.66 | +33.3% |
| May 13 | $34.58 | $33.69 | +29.6% |
What is HawkEye 360's Quality Score?
Below Average
HAWK's page, with every reason behind its scoreThe other IPOs expected
| Company | Price |
|---|---|
| $11 to $13 | |
| $19 to $21 | |
| Tracx Logis | |
| $20 | |
| Alopexx | $10 to $12 |
HawkEye 360 IPO questions
When is HawkEye 360's IPO?
Listed May 7, 2026 at $26 on NYSE as HAWK.
What is HawkEye 360's IPO price?
HawkEye 360's IPO priced at $26 a share, per its final prospectus of May 7, 2026.
How many shares is HawkEye 360 selling?
16,000,000 shares, and the underwriters may buy 2,400,000 more, per its final prospectus (424B4).
Who are the underwriters?
Goldman Sachs, Morgan Stanley, RBC Capital Markets, Jefferies, BofA Securities, Baird, Raymond James, William Blair, and Drexel Hamilton, as the prospectus's cover names them.
When does the lock-up end?
HawkEye 360's IPO lock-up ends Nov 2, 2026 at the latest; its prospectus lets it end sooner on the terms it sets out. Its final prospectus says: “180 th Day after the date of this prospectus.”
Does Breakaway rate HawkEye 360?
HawkEye 360 has a Quality Score of 1 today. The score counts the 14 chart checks and the company's filings; a check that needs more history than a new stock has waits for it.
Can Breakaway say where HawkEye 360's price will go?
No. Breakaway does not say where a price will go. Every figure here is from the company's SEC filings, linked on each line.
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