Key insights
- Arxis, a defense and aerospace supplier, is seeking to raise up to $1.06 billion in a Nasdaq IPO. The company's financials show significant revenue growth and a shift to profitability. While not a major market mover, the IPO's success could signal investor appetite for the aerospace and defense sector.
Investing.com -- Arxis Inc., a manufacturer of electronic and mechanical parts for aerospace and defense firms, is seeking to raise as much as $1.06 billion in its US initial public offering.
The Bloomfield, Connecticut-based company plans to list Nasdaq Global Select Market under the symbol ARXS, and will offer 37,735,849 shares for $25 to $28 each, according to the company's announcement Wednesday. At the top of the price range, the company would have a market value of $11.2 billion based on the outstanding shares listed in its concurrent SEC filing.
Defense and space represent Arxis's largest end market, accounting for approximately 47% of revenue in 2025, while its commercial aerospace segment accounts for about 23% of revenue in the same period, the filing shows.
The company reported net income of roughly $46 million on revenue of $1.6 billion last year, compared with a net loss of $55 million on revenue of $743 million in 2024. Arxis has over 5,000 customers and generates about 90% of revenue from proprietary products, according to the filing. The company had approximately 5,750 employees as of December 31, 2025.
Goldman Sachs Group Inc., Morgan Stanley and Jefferies Financial Group Inc. are leading the offering. Citigroup and RBC Capital Markets are acting as joint book-running managers, and Baird, Guggenheim Securities, Wells Fargo Securities, William Blair, Rothschild & Co, and Wolfe | Nomura Alliance are acting as book-running managers.