Upcoming IPOs in August 2025: Firefly Aerospace & Elite Express to List on NASDAQ

In this article we will discuss the upcoming IPOs in august 2025 which are Firefly Aerospace and Elite Express that are going to be listed on NASDAQ stock exchange.

After a solid first half of 2025 that saw 108 U.S. operating companies go public and raise $27 billion in capital, up 40% year over year, the upcoming IPOs pipeline shows no signs of slowing down. August is set to bring two high interest upcoming IPOs to the NASDAQ: Firefly Aerospace and Elite Express. Firefly Aerospace, a key player in the growing private space industry, and Elite Express, a logistics firm targeting last mile delivery solutions, are preparing to tap into investor demand as market sentiment improves. According to Nasdaq’s latest data, IPO activity, though modestly slower in Q2 compared to Q1, remains strong and broad based across sectors. Industrials led with 29 IPOs in H1, and the NASDAQ maintained an 80%+ market share of all IPO listings. The momentum reflects a healthy appetite for innovation driven companies in public markets. Let’s dive in to explore the upcoming IPOs of Firefly Aerospace and Elite Express in further detail.

Elite Express Holding Inc. (ETS) IPO Details

Company Overview of Elite Express Holding Inc. (ETS)

Elite Express Holding Inc. (ETS), one of the upcoming IPOs on the NASDAQ in August 2025, is a logistics company that provides last mile delivery services. It picks up packages from FedEx locations, transports them using optimized delivery routes, and ensures timely and accurate deliveries to customers. The company uses GPS tracking and real time monitoring to manage operations and track performance. With a focus on e commerce and distribution, Elite Express Holding Inc. (ETS) aims to expand its delivery network and improve logistics efficiency through its IPO. ETS was established as a corporation in the State of Delaware on April 3, 2024. Elite Express Holding Inc. (ETS) is headquartered in Laguna Hills, California, and was incorporated in the state of California. The company is led by CEO Yidan Chen and currently employs 28 people as of July 14. Its fiscal year ends on November 30.

IPO Details for Elite Express Holding Inc. (ETS)

According to Form S-1 submitted to SEC, Elite Express Holding Inc. (ETS) is set to go public on the NASDAQ Capital Market in August 2025 under the proposed ticker symbol ETS. The expected IPO date is August 21. The company plans to offer 4 million shares at a price of $4.00 per share, aiming to raise approximately $16 million. Additionally, there will be an overallotment option of 600,000 shares, which could increase the total offering size to around $18.4 million. The company has disclosed total offering expenses of $839,077.04, and no existing shareholder shares are being offered in this IPO. Elite Express Holding Inc. will have a total of 16,916,672 shares of common stock outstanding after the IPO, assuming no overallotment. This includes 12,750,005 shares of Class A common stock and 4,166,667 shares of Class B common stock. If the underwriters fully exercise their over allotment option, the total number of shares would increase to 17,516,672, consisting of 13,350,005 Class A shares and the same 4,166,667 Class B shares. The Class B shares carry more voting power, which allows certain insiders to retain significant influence over company decisions even after going public.

As part of the IPO terms, there will be a 180 day lockup period, during which insiders cannot sell their shares. This lockup helps ensure market stability after the stock begins trading. For retail investors looking to invest in a small, tech-driven logistics company with growth potential in the e-commerce space, Elite Express Holding Inc. (ETS) could be one to watch in upcoming IPOs lineup for August 2025. The funds from the IPO are expected to help Elite Express expand its delivery network and strengthen its operations.

The company currently has a dual class share structure, with both Class A and Class B shares. Huan Liu, Chairman of the Board, holds a majority of the voting power (52.63%) through this structure. After the IPO, his voting power is expected to drop slightly below 50% (to around 49.83%), meaning Elite Express Holding Inc. (ETS) will no longer be considered a controlled company under NASDAQ rules. However, a small group of insiders and executives will still retain substantial influence over company decisions through their combined share ownership.

Financial Performance of Elite Express Holding Inc. (ETS)

Positive Financial Highlights for Elite Express Holding Inc. (ETS)

Elite Express Holding Inc. (ETS) showed modest but consistent revenue growth in both the three month and six month periods ending May 31, 2025, compared to the same periods in 2024. Revenue increased by 6.9% for the quarter and 8.0% for the half year, signaling stable demand for its last mile delivery services. More notably, the company turned a corner in terms of gross profitability, moving from a gross loss to a gross profit in both periods. For example, in Q2 2025, gross profit improved to $18,002 from a loss of $16,587 the previous year. This positive shift suggests better cost management at the operational level. Additionally, fuel costs slightly decreased in the six month comparison, and other income rose sharply, from $2,812 to $16,556 in Q2 and $3,185 to $21,285 over six months, providing some cushion against operating losses.

Negative Financial Concerns for Elite Express Holding Inc. (ETS)

Despite revenue gains and improved gross profit, Elite Express Holding Inc. (ETS) operating losses worsened significantly. In Q2 2025, operating loss more than doubled to $123,760, while the six month operating loss surged over 700%, reaching $439,786. This steep increase is primarily driven by a dramatic rise in general and administrative (G&A) expenses, which grew from $34,003 to $141,762 in the quarter and from $69,019 to $425,381 over six months. These figures suggest aggressive spending, possibly related to growth initiatives or IPO preparation, but they also point to a lack of cost control. Additionally, total cost of revenue remained high, exceeding total revenue in the six month period, indicating inefficiencies in the core delivery operation. The company’s net loss widened significantly as a result, rising to $107,604 for the quarter and $312,603 for the half year. These trends highlight the challenge Elite Express Holding Inc. (ETS) faces in achieving profitability and raise concerns for investors about the sustainability of its current cost structure.

Firefly Aerospace Inc. (FLY) IPO Details

Company Overview of Firefly Aerospace Inc. (FLY)

Firefly Aerospace Inc. (FLY) is a U.S. based space and defense technology company that provides mission critical launch and spacecraft solutions to national security, government, and commercial customers. Founded in 2017, Firefly Aerospace Inc. (FLY) is known for developing Alpha, the first U.S. orbital rocket in the 1,000 kg class to successfully reach orbit, and for being the only commercial company to complete a fully successful Moon landing. Its launch offerings include Alpha and the upcoming Eclipse, a larger, reusable rocket developed with Northrop Grumman, capable of delivering payloads of up to 16,000 kg to Low Earth Orbit and beyond. Firefly Aerospace Inc. (FLY) supports full cycle space missions, from launch to operations, using a scalable platform of shared technologies across its product lines. With a strong track record and proven technology, the company is positioned as a leading provider of responsive and dependable space access solutions for defense and commercial use.

IPO Details for Firefly Aerospace Inc. (FLY)

According to its Form S-1/A filing with the SEC, Firefly Aerospace Inc. (FLY) is set to go public as part of the upcoming IPOs on the NASDAQ Global Market in August 2025, under the proposed ticker symbol FLY. The expected IPO date is August 7. The company plans to offer 16.2 million shares of common stock at a price range of $35.00 to $39.00 per share. In addition, underwriters will have a 2.43 million share over allotment option, potentially increasing the total offering size to approximately $726.6 million. Based on the midpoint of the price range, Firefly expects to raise around $557.8 million in net proceeds, or up to $643.0 million if the over allotment option is fully exercised.

As outlined in its IPO prospectus, Firefly Aerospace Inc. (FLY) intends to use the proceeds primarily to repay $136.1 million in outstanding borrowings under its Credit Agreement, pay accrued dividends on its Series C and D Preferred Stock ($47.6 million and $20.1 million respectively as of March 31, 2025), and fund general corporate and working capital needs. Following the IPO, the company will have approximately 140.5 million shares of common stock outstanding, or 143 million if the underwriters fully exercise their option. The total offering expenses are estimated at $10.1 million.

There will be a 180 day lockup period during which insiders are restricted from selling their shares, a standard clause to ensure post IPO market stability. Despite going public, Firefly Aerospace Inc. (FLY) will remain a controlled company under NASDAQ corporate governance rules, as AE Industrial Partners will retain majority voting power through a Director Nomination Agreement.

As one of the more prominent listings in the upcoming IPOs calendar for August 2025, Firefly Aerospace Inc. (FLY) offering is drawing attention due to its significant role in the space and defense sector. The IPO proceeds are expected to strengthen its balance sheet and support development of future technologies like its next generation Eclipse rocket platform.

Financial Performance of Firefly Aerospace Inc. (FLY)

Positive Financial Highlights for Firefly Aerospace Inc. (FLY)

Among the most anticipated upcoming IPOs, Firefly Aerospace Inc. (FLY) has delivered an eye catching performance in its latest quarter. Firefly Aerospace showed a substantial revenue jump, increasing 572% year over year to $55.9 million in Q1 2025, up from just $8.3 million in Q1 2024. This surge was largely fueled by growth in its Spacecraft Solutions segment, which rose over 623% to $50.7 million, and its Launch revenue, which also climbed 297% to $5.2 million. As a result, Firefly Aerospace Inc. (FLY) turned a gross profit of $2.2 million, reversing a gross loss of $1.9 million in the same period last year. These improvements show that the company is scaling quickly and starting to generate a positive margin on its core offerings, a good sign for investors watching for operational efficiency.

Negative Financial Concerns for Firefly Aerospace Inc. (FLY)

Despite the top line growth, operating losses widened from $49.1 million to $58.5 million, driven by higher research & development expenses (up 28% to $48 million) and general and administrative costs (up 33% to $12.8 million). These rising costs suggest that while the business is growing, it is still heavily investing in future capabilities, which may delay near term profitability. Net loss for the quarter came in at $60.1 million, a 14% increase from the prior year. The company also reported higher interest expenses, which rose by 38% to $5.2 million, reflecting increasing debt servicing costs. While these figures may concern conservative investors, they also reflect the capital-intensive nature of the space and defense industry.

Overall, Firefly Aerospace Inc. (FLY) stands out among upcoming IPOs with its rapid revenue growth and expanding market footprint. However, its continued losses and high spending underscore the need for a long term outlook, especially for retail investors seeking stability and lower risk.

FAQs About Upcoming IPOs

Q: What are the top upcoming IPOs in August 2025?

A: Firefly Aerospace and Elite Express Holding Inc. are scheduled to go public on NASDAQ in August 2025.

Q: How can I invest in an IPO?

A: If you are looking to invest in upcoming IPOs, you will need to have a brokerage account with a firm that offers access to IPO participation. Some of the popular brokers that provide this service include Fidelity, TD Ameritrade, Charles Schwab, and, in select cases, Robinhood. Not all brokerage firms offer IPO shares to every investor by default, you need access to the offering. This means the broker must be participating in the IPO and have an allocation of shares to distribute to retail investors. If they do, you will usually need to request access or express interest before the IPO date, often by filling out an online form or subscribing through their platform. In some cases, brokers may also require you to meet certain eligibility criteria, such as having a minimum account balance or a history of active trading, to participate.

Q: Are IPOs risky?

A: Yes. IPOs can be highly volatile, and early investors should understand the business model, market environment, and financials before investing. Before making any investment, it is important to review the company’s S-1 filing to understand its financials, business model, and risk factors. You should also be aware of key aspects like the lock up period and how IPO shares are allocated. Keep in mind that IPO investing can be highly volatile and unpredictable, particularly during the initial days of trading.

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Disclaimer: None. The article is originally published on TheRichStocks.com.