Aerospace and defense manufacturer Arxis launches US IPO, aiming to raise up to $1.05 billion

Glonghui, April 8 – Aerospace and defense manufacturer Arxis has announced the launch of its initial public offering (IPO), planning to issue 37.7358 million Class A ordinary shares at a price range of $25 to $28 per share, aiming to raise up to $1.05 billion. The company expects its shares to be listed on the Nasdaq Global Select Market under the ticker symbol ARXS. A certain exchange will act as the joint lead underwriter for the proposed offering.