RYCEY Rolls Royce Holdings PLC (PK)

--Reaction Engines, a U.K. aerospace company backed by Rolls-Royce Holdings PLC and Boeing Co., is planning a path to a listing in London potentially as early as 2024, Sky News reports.

--The Oxfordshire-based company expects a listing that could value it at between one billion and two billion pounds ($1.18 billion-$2.36 billion), Sky News reports, citing a presentation to investors.

--Reaction, which employs more than 200 people in the U.K. and Colorado, has told shareholders it plans to raise pre-initial-public-offering funding in around 18 months, to pave the way for the public sale of shares, Sky News reports.

Full story: https://bit.ly/3cep1a5

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

August 25, 2022 02:14 ET (06:14 GMT)

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