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Stock impact report

Space Firm Karman's IPO Raises $506 Million Priced Above Range [Yahoo! Finance]

Karman Holdings Inc. (KRMN) 
Company Research Source: Yahoo! Finance
In This Article KRMN (Bloomberg) -- Karman Holdings Inc., a maker of integrated systems for space and defense programs, and shareholders including Trive Capital raised $506 million in an initial public offering, pricing its shares above a marketed range. Most Read from Bloomberg Why American Mobility Ground to a Halt Saudi Arabia's Neom Signs $5 Billion Deal for AI Data Center SpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in May Cutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank Says How to Build a Neurodiverse City The Huntington Beach, California-based company, which has been doing business as Karman Space and Defense, and the selling shareholders sold 23 million shares for $22 each on Thursday after marketing them for $18 to $20 apiece, according to a statement. At the IPO price, Karman has a market value of close to $3 billion based on the outstanding shares listed in its filings with the US Securities and Exchange Commission. The plan Show less Read more
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