Applied Aerospace Shares Rise 3.75% After $650 Million US IPO

Shares of Applied Aerospace & Defense Inc. rose about 3.75% in its trading debut, after the space and defense engineering firm raised $650 million in an initial public offering priced...

By Arvelisse Bonilla Ramos, Anthony Hughes · Bloomberg Markets

Shares of Applied Aerospace & Defense Inc. rose about 3.75% in its trading debut, after the space and defense engineering firm raised $650 million in an initial public offering priced near the top of a marketed range.