Arxis IPO pops

Arxis opened at $38 on Nasdaq on April 16, up about 36% from its $28 initial public offering price after raising $1.13 billion. (bloomberg.com) The Bloomfield, Connecticut, company sold 40.5 million Class A shares in an upsized deal priced late April 15, and the stock began trading under the ticker ARXS on the Nasdaq Global Select Market. (investing.com) (arxis.com) Arxis said underwriters also received a 30-day option to buy up to 6.075 million additional shares, with Goldman Sachs, Morgan Stanley and Jefferies leading the offering. (arxis.com) (sec.gov) An initial public offering is a company’s first sale of stock to public investors. In Arxis’s case, the sale turned a private-equity-backed aerospace and defense supplier into one of the larger new U.S. listings of 2026. (sec.gov) (reuters.com) Arxis makes electronic and mechanical parts designed to keep working in harsh conditions, from aircraft and defense systems to medical technology and industrial equipment. The company told investors about 47% of 2025 revenue came from defense and space, 23% from commercial aerospace and 30% from industrial technology. (arxis.com) (sec.gov) The company said it generated about $1.6 billion in 2025 revenue, $46 million in net income and roughly $571 million in adjusted earnings before interest, taxes, depreciation and amortization, a cash-flow measure often used in buyout-backed listings. (sec.gov) Arxis’s filings say the business was assembled through more than 30 acquisitions since 2019 by Arcline Investment Management and Arxis management. That roll-up strategy combines many smaller component makers into one supplier with broader product lines and customer relationships. (sec.gov) The company told investors it serves more than 5,000 customers across more than 600 platforms, and about 90% of revenue comes from proprietary products. In the prospectus, Arxis also said its top 10 customers accounted for 36% of 2025 revenue. (sec.gov) Reuters said the debut pointed to demand for defense and industrial offerings as geopolitical tensions stayed elevated, while Bloomberg described Arxis as a defense-parts firm backed by Arcline. The first-day jump gave public investors an immediate test of how much they were willing to pay for that mix of aerospace exposure, defense spending and acquisition-built scale. (reuters.com) (bloomberg.com) By the close of its first trading day, Arxis had done the two things issuers want from an offering: sell a large block of stock at the top of its range and keep buyers pushing the price higher in public trading. (investing.com) (bloomberg.com)