Surf Air rebounds after a weak IPO debut on NYSE

Surf Air Mobility

28/07/2023 12:29

** Shares of Surf Air Mobility  SRFM.N  rise 11% to $3.5
premarket after plummeting in its IPO debut on NYSE on Thursday
    ** Electric aviation and regional air travel company debuted
at $5 per share, below its reference price of $20
    ** Surf Air went public through direct listing route after
terminating $1.4 bln SPAC merger last year
    ** Co's unit Surf Air generated $20.27 million in revenue
for the year ended Dec. 31, compared with $11.8 million a year
earlier - SRFM

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))