Aerospace maker Arxis raises 1.13 billion dollars in US IPO

Aerospace parts maker Arxis raised 1.13 billion dollars in its U.S. initial public offering yesterday. The company priced its shares at 28 dollars per share.

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Aerospace component manufacturer Arxis has successfully raised $1.13 billion through its initial public offering in the United States. The company announced that it priced its shares at $28 each, signaling strong investor interest in the aerospace manufacturing sector.

A Wall Street sign stands near the New York Stock Exchange in New York City, marking the financial hub of the country. REUTERS/Andrew Kelly/File Photo
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