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Arcline-Backed Arxis Announces Pricing of its Initial Public Offering

Arxis Inc. priced its upsized initial public offering at $28 per share on Wednesday, with shares beginning trading today, April 16, 2026, on the Nasdaq Global Select Market under the symbol ARXS.
Based in Bloomfield, Connecticut, Arxis designs proprietary electronic and mechanical components for aerospace, defense, and medical markets as a portfolio company of Arcline Investment Management.
The firm sold 40,500,000 shares, achieving a market value of about $11.3 billion, after reporting $46 million in net income on $1.6 billion in revenue last year versus a net loss of $55 million in 2024.
Morgan Stanley and Jefferies served as lead joint book-running managers for the offering, which is expected to close on Friday, April 17, 2026, subject to customary closing conditions.
With defense and space representing approximately 47% of Arxis's 2025 revenue, the company joins recent industrial IPOs like Madison Air Solutions Corp. amid rising defense budgets and government modernization priorities.

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Arcline-Backed Arxis Announces Pricing of its Initial Public Offering

BLOOMFIELD, Conn., April 15, 2026 /PRNewswire/ -- Arxis, Inc. ("Arxis"), a portfolio company of Arcline Investment Management and a leading designer and manufacturer of proprietary, mission-critical electronic and mechanical engineered components, announced today the pricing of its upsized initial public…

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