Applied Aerospace & Defense Raises $650 Million in IPO With 30-Day Underwriters’ Option

About this update from Applied Aerospace & Defense, Inc.

Applied Aerospace & Defense entered into an underwriting agreement for its initial public offering of 32,500,000 shares of common stock at $20.00 per share, raising $650 million. The agreement includes a 30-day option for underwriters to purchase up to 4,875,000 additional shares. The IPO closed on June 4, 2026, with the firm shares delivered. The deal supports the company’s capital needs as it transitions to the public markets. Agreement details: Agreement type: Underwriting agreement for initial public offering of common stock Counterparty: Morgan Stanley, Jefferies, BofA Securities and RBC Capital Markets, as representatives of the underwriters Signed / Effective: Jun 02 2026 / Jun 02 2026 Duration / Termination: Transaction-based; 30-day over-allotment option Reason: Raise capital through initial public offering Original SEC Filing: This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

View stock analysis, news, and events for Applied Aerospace & Defense, Inc.