Applied Aerospace & Defense Raises $650M IPO, Stock Debuts 3.8% Above Offer
AADX•Applied Aerospace & Defense raised $650 million by selling shares at $20 each in its IPO, launching on the NYSE today. The company’s market capitalization reached $3.54 billion after its stock opened 3.8% above the offer price in its debut trading session.
1. IPO Pricing and Capital Raise
Applied Aerospace & Defense priced its initial public offering at $20 per share, generating $650 million in gross proceeds as it began trading on the New York Stock Exchange today.
2. NYSE Trading Debut
Shares opened 3.8% above the $20 offer price—near $20.76—in early trading, reflecting strong investor demand for the aerospace and defense company’s equity.
3. Market Capitalization and Outlook
The debut placement valued the company at approximately $3.54 billion. Investors will monitor defense contract awards and government spending trends to assess future growth prospects.
