Arxis Stock Rockets in Nasdaq Debut as Demand for Defense Suppliers Strengthens
Arxis, a Bloomfield, Connecticut-based aerospace and defense parts manufacturer, saw its shares jump sharply in their Nasdaq debut after an upsized initial public offering. The company sold 40.5 million shares at $28 each, raising $1.13 billion, and opened trading at $38 as investors displayed heightened appetite for industrial and defense listings…