Aevex Prices IPO at $20 Per Share

MT Newswires Live
04/17

Aevex said Thursday it has priced its initial public offering of 16 million common shares at $20 per share.

Underwriters have been granted a 30-day option to purchase up to an additional 2.4 million shares.

The stock is set to debut on the NYSE under the ticker "AVEX" this Friday. The IPO is scheduled to close on Monday, according to the company, which offers a portfolio of unmanned aircraft systems and multi-mission unmanned surface vehicles.

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