Arxis has completed a $1.13 billion initial public offering, valuing the aerospace and defense component manufacturer at approximately $15.4 billion. The offering, backed by Arcline Investment Management, priced at $28 per share—the peak of its projected range—before climbing 36% to close at $38 in its Nasdaq debut.
High investor demand prompted Arxis to upsize the offering to 40.5 million shares, up from the 37.7 million originally planned. The successful listing reflects a broader trend of capital flowing toward military supply chain providers as global defense spending rises. Defense and space applications constitute the firm's largest business segment, representing roughly 47% of projected 2025 revenue, followed by commercial aerospace at 23%.
The transaction was managed by a top-tier syndicate including Goldman Sachs, Morgan Stanley, and Jefferies. The IPO is part of a significant resurgence in the industrial sector's use of equity markets; it follows the recent $2.23 billion offering from Madison Air Solutions and coincides with pending listings from Aevex Corp. and X-Energy Inc.
Based in Bloomfield, Connecticut, Arxis specializes in mission-critical electronic and mechanical components. The firm's debut suggests a strong market appetite for industrial compounders with high intellectual property barriers and significant exposure to the modernized U.S. missile and civil aviation sectors.
