Applied Aerospace & Defense, a government and defence contractor supported by private equity firm Greenbriar Equity Group, has secured $650m through its US initial public offering after pricing shares at $20 apiece, according to a report by Reuters citing a statement from the company.
The Huntsville, Alabama-based firm sold 32.5 million shares, pricing within its expected range of $18 to $21. The listing marks another significant entry in a wave of defence and aerospace companies tapping pub...
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