Voyager Technologies Inc. shares gained as much as 139% in their debut after the company raised $383 million in an upsized US initial public offering.The Denver-based defense contractor’s stock traded at $69.

Shares of space- and defense-technology company Voyager Technologies climbed in their New York Stock Exchange debut, another sign of an improving market for initial public offerings.

Valuation analysis suggests Voyager Technologies, Inc. stock trades above fair value compared to peers like Rocket Lab. Click for my look at VOYG stock prospects.