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Update: Market Chatter: L3Harris Technologies Selects JPMorgan, Morgan Stanley to Lead Axyv IPO

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(Updates with L3Harris Technologies' response in the last paragraph.)

L3Harris Technologies (LHX) has selected JPMorgan Chase (JPM) and Morgan Stanley (MS) to lead the initial public offering of its missile unit Axyv, Bloomberg reported Tuesday, citing people familiar with the matter.

A listing could raise as much as $2 billion and the company could go public as soon as next month, according to the report.

More banks could also be added to the lineup, Bloomberg said.

L3Harris Technologies declined to comment, while JPMorgan and Morgan Stanley did not immediately respond to a request for comment by.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $309.19, Change: $+5.02, Percent Change: +1.65%

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