Surveillance Firm Hawkeye 360 Said to Raise $416 Million in IPO

Hawkeye 360 Inc., a provider of satellite-based signals intelligence for US government agencies, is raising $416 million in a US initial public offering priced at the top of a marketed range, according to people familiar with the matter.

The Herndon, Virginia-based company is selling 16 million shares for $26 apiece, said the people, who asked not to be identified because the information wasn’t public yet. The shares were marketed for $24 to $26 each.