Arxis, an aerospace parts manufacturer based in Bloomfield, Connecticut, said on Wednesday that it raised $1.13 billion in its United States initial public offering after pricing shares at $28 apiece. The company sold 40.5 million shares in an upsized offering priced at the top end of an indicated range of $25 to $28 per share.
The listing arrives as suppliers to the aerospace sector return to equity markets to finance expansion and address rising demand from both commercial aviation and defense customers. Investor interest in industrial offerings has remained robust, supporting Arxis's decision to go public.
Heightened geopolitical tensions, including conflicts in the Middle East and Ukraine, have altered demand patterns for aerospace and defense equipment. The company and market observers note that these developments have coincided with governments increasing military spending and with investors favoring more defensible industrial names that can better endure the effects of such conflicts.
Arxis manufactures a range of electronic and mechanical components, including seals, gaskets and metallized fabrics. Its products serve aerospace and defense customers as well as the medical technology and specialized industrial markets.
Under the ownership of buyout firm Arcline, Arxis has pursued an acquisitive growth strategy, completing more than 30 acquisitions since 2019. That expansionary approach included the $1.8 billion acquisition of rival Kaman in 2024.
The company's shares are scheduled to begin trading on the Nasdaq on Thursday under the ticker symbol "ARXS." The offering was led by Goldman Sachs, Morgan Stanley and Jefferies.
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