aerospace / news / / Reuters
Aerospace parts maker Arxis said on Wednesday it raised $1.13 billion in its U.S. initial public offering.
Arxis raised $1.13 billion in its U.S. IPO by selling 40.5 million shares at $28 each.
KEY POINTS
- The IPO was upsized and priced at the top end of the indicated range, signaling strong demand.
- Arxis has completed over 30 acquisitions since 2019, including buying rival Kaman for $1.8 billion in 2024.
- Arxis shares will begin trading on Nasdaq under the ticker symbol 'ARXS' starting Thursday.
COMPANIES
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