Sections
1. Investment Snapshot
2. Valuation & Price Target
3. Business & Product Moat
4. Market & Macro
Discussion
Investment Snapshot
Valuation & Price Target
Business & Product Moat
Market & Macro
Discussion
Yellowstone Midco Holdings II, LLC
Investment Snapshot
Symbol
YSS
IPO Date (Actual)
2026-01-29
Offer Range
$34.00
Shares Offered
18.5M
Total Shares Post-IPO
145.4M
Market Cap
—
Target Price
$00.00Implied Upside vs Midpoint
$00.00Use of Proceeds
—
Valuation & Price Target
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Business & Product Moat
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Competitor Set
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Sector context: Guided Missiles & Space Vehicles & Parts
Same-industry IPOs from the last 365 days (as of 2026-06-04). Returns from IPO open price.
Median IPO open → current
+9.1%
win 50% · n=2Median first month
-35.7%
win 0% · n=1| Company | IPO Date | Open → Current | First Month |
|---|---|---|---|
FLY Firefly Aerospace Inc. | 2025-08-07 | +50.3% | — |
VOYG Voyager Technologies, Inc./DE | 2025-06-11 | -32.2% | -35.7% |