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:
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