Applied Aerospace & Defense Achieves $3.5 Billion Valuation in NYSE IPO Debut
Applied Aerospace & Defense (AADX) opened its New York Stock Exchange debut with a 3.8% increase above the offer price, achieving a valuation of $3.54 billion and raising $650 million through an IPO that sold 32.5 million shares at $20 each within the expected range. The company is part of a record-breaking week for IPOs in New York since 2021.
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