Applied Aerospace & Defense Secures $650 Million in U.S. IPO, Prices at $20 a Share
Applied Aerospace & Defense, a private equity-backed government contractor headquartered in Huntsville, Alabama, has raised $650 million in a U.S. initial public offering after pricing shares at $20 each. The company sold 32.5 million shares, having marketed them in an indicated range of $18 to $21 apiece. Underwriters include Morgan Stanley and Je…