For individuals, investing in drones is difficult – there are relatively few publicly traded companies solely dedicated to the drone industry. Now, drone operations software platform provider Measure may be offering investors another opportunity. Yesterday, MEASURE announced the confidential submission of a Draft Registration Statement for a proposed Initial Public Offering (IPO.)
“Measure Global Inc. (“MEASURE”), a leading aerial intelligence company, has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock,” says the announcement. “The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.”
Measure began in the drone industry as one of the first large drone services providers: Aerodyne acquired the services part of the business in 2019, and Measure is now focused on their drone operations software platform.
Investing in the Drone Industry
Publicly traded drone ecosystem companies include French drone manufacturer Parrot (EPA:PARRO), which trades on the French stock exchange; drone parachute company ParaZero (ASX: PRZ), trading on the Australian stock exchange; and the giant of publicly traded drone companies, Aerovironment (NASDAQ: AVAV.) Chinese passenger drone company EHang (NASDAQ: EH) is also growing fast.
In a sign that the drone industry is maturing, Measure may be only one of several drone companies to propose an IPO this year – and that’s good news for people interested in investing in drones. Reuters reported last month that EHang competitor Joby Aviation is exploring a public offering, other investment news sites are writing about a number of drone companies.
As for the giant in the room? Rumors that drone manufacturer DJI would go public have been around for more than two years. DJI continues to hold a clearly dominant market share in the worldwide drone industry. Despite political headwinds in the U.S., investment analysts from Torres Capital wrote in November 2020 that 2021 could be the year that a DJI moves forward with a public offering.
Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, a professional drone services marketplace, and a fascinated observer of the emerging drone industry and the regulatory environment for drones. Miriam has penned over 3,000 articles focused on the commercial drone space and is an international speaker and recognized figure in the industry. Miriam has a degree from the University of Chicago and over 20 years of experience in high tech sales and marketing for new technologies.
For drone industry consulting or writing, Email Miriam.
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[…] For individuals, there are few opportunities for investing in drones. Now, drone software platform Measure eyes an Initial Public Offering. Source […]