Arxis Prices Upsized $1.13 Billion Initial Public Offering

MT Newswires Live

Apr 16

Arxis (ARXS) said late Wednesday it priced an upsized initial public offering of 40.5 million class A common shares at $28 each.

The designer and manufacturer of electronic and mechanical engineered components has granted IPO underwriters a 30-day overallotment option to purchase up to 6.1 million additional shares.

The Arcline Investment Management portfolio company said it expects its shares to begin trading on Nasdaq Global Select Market under the symbol ARXS Thursday, while IPO is expected to close Friday.

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