Drone maker AEVEX raises 320 million dollars in US IPO
California-based defense contractor AEVEX priced 16 million shares at 20 dollars each to meet investor demand. The company debuts on the NYSE this Friday.
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Drone manufacturer AEVEX successfully raised $320 million in its United States initial public offering on Thursday, pricing its shares at $20 each. The Solana Beach, California-based company sold 16 million shares, landing within its anticipated price range of $18 to $21. This capital raise highlights a growing trend among defense-linked firms to tap into equity markets, capitalizing on investor interest sharpened by global conflicts and rising defense expenditures.
