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AEVEX Stock Jumps 35% After $320 Million Drone IPO as AVEX Tests Defense-Tech Demand
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AEVEX Stock Jumps 35% After $320 Million Drone IPO as AVEX Tests Defense-Tech Demand
AEVEX shares closed at $26.93 in their NYSE debut, 35% above the $20 IPO price. The Solana Beach-based drone maker raised $320 million by selling 16 million shares. First-quarter revenue is estimated at up to $208 million, compared with $53.3 million a year earlier. The offering is expected to close April 20. The post AEVEX Stock Jumps 35% After $320 Million Drone IPO as AVEX Tests Defense-Tech Demand appeared first on TechStock².
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