The offering raised $919.3 million through the sale of 27.9 million shares, comfortably clearing the company’s initial target range of $28 to $32. This performance mirrors a broader trend across the sector, where defense firms are seeing heightened demand from institutional and retail buyers alike.
Recent market activity suggests a sustained momentum for these listings. Earlier this year, Arxis saw its shares climb nearly 36% during its Nasdaq debut, reinforcing the trend of investor confidence in companies tied to defense-related public offerings.





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