Arxis, an aerospace and defense electronics and components manufacturer, announced terms for its IPO on Wednesday.
The Bloomfield, CT-based company plans to raise $1.0 billion by offering 37.7 million shares at a price range of $25 to $28. Cornerstone investors intend to purchase $400 million worth of shares in the offering (40% of the deal).
The company designs and manufactures specialized electronic and mechanical components used in high-performance and demanding environments. Its products include connectors, cable assemblies, RF and microwave components, sensors, and precision mechanical parts such as bearings and seals, which are integrated into aerospace, defense, and space systems, as well as applications in medical technology, semiconductor testing, and industrial automation. Since being formed in 2019 from a number of processor companies, Arxis has completed 32 acquisitions. Recent acquisitions include Kaman Corporation, Spira Manufacturing, and Oldham Seals Group.
Arxis was founded in 2019 and booked $1.6 billion in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol ARXS. Goldman Sachs, Morgan Stanley, Jefferies, Citi, RBC Capital Markets, Baird, Guggenheim Securities, Wells Fargo Securities, William Blair, Rothschild, Nomura Securities, and WR Securities are the joint bookrunners on the deal. It is expected to price the week of April 13, 2026.
