Applied Aerospace Prices US IPO to Raise 650 Million Dollars
The Alabama-based contractor sold 32.5 million shares at 20 dollars each to raise 650 million dollars. It begins trading on the NYSE on Wednesday under AADX.
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Applied Aerospace & Defense raised $650 million in its United States IPO after pricing 32.5 million shares at $20 each. The pricing sits near the top of the marketed $18 to $21 range as investors pay premiums for defense technology. This capital raise allows the contractor to leverage heightened geopolitical demand and valuation premiums currently favoring the aerospace sector.
