Overview
- Arxis priced 40,500,000 shares at $28 each in an upsized initial public offering.
- The offering is expected to raise about $1.13 billion in gross proceeds.
- Shares are expected to trade on the Nasdaq Global Select Market under the ticker ARXS, with closing targeted for April 17 subject to customary conditions.
- Goldman Sachs, Morgan Stanley and Jefferies lead the underwriting group, and the deal includes a 30-day option for 6,075,000 additional shares.
- Arxis supplies electronic and mechanical parts for aerospace, defense, medical and industrial uses, and it has grown through 30-plus acquisitions since 2019, including the $1.8 billion purchase of Kaman in 2024.