Applied Aerospace & Defense Shares Rise on NYSE Debut, Company Valued at $3.54 Billion
Applied Aerospace & Defense opened trading at $20.75 a share on the New York Stock Exchange, 3.75% above its $20 per share IPO price, after selling 32.5 million shares to raise $650 million. The opening price values the Huntsville, Alabama-based company at $3.54 billion based on shares outstanding reported in its filings. The offering is scheduled …