Arxis Inc., which produces electronic and mechanical parts for aerospace and defense companies, has disclosed plans for a U.S. initial public offering that could bring in as much as $1.06 billion. The Bloomfield, Connecticut-based supplier intends to list on the Nasdaq Global Select Market under the ticker ARXS.
The company said it will offer 37,735,849 shares priced between $25 and $28 apiece. Using the higher end of that IPO range, Arxis would be valued at roughly $11.2 billion on a fully diluted basis, based on the outstanding shares the company reported in its concurrent SEC filing.
Arxis' customer mix and revenue composition were detailed in the filing. Defense and space are the company's largest end market, representing approximately 47% of revenue in 2025, while commercial aerospace is expected to account for about 23% of revenue in the same period. The filing notes Arxis serves over 5,000 customers and derives about 90% of its revenue from proprietary products.
On a financial basis, the company reported roughly $46 million in net income on $1.6 billion of revenue for the most recent year, contrasting with a net loss of $55 million on revenue of $743 million in 2024. Headcount at the end of the most recent reporting period stood at approximately 5,750 employees as of December 31, 2025.
The offering is led by Goldman Sachs Group Inc., Morgan Stanley and Jefferies Financial Group Inc. Citigroup and RBC Capital Markets are listed as joint book-running managers. Additional firms acting as book-running managers include Baird, Guggenheim Securities, Wells Fargo Securities, William Blair, Rothschild & Co, and Wolfe | Nomura Alliance.
The IPO structure, price range and underwriter lineup were submitted in the company's SEC filing and form the basis of the planned listing. The company has framed its revenue profile by end market and highlighted the predominance of proprietary product sales in its revenue mix.
Contextual note - The filing provides the quantitative elements of the proposed offering and a snapshot of recent financial results, customer reach and workforce size. Beyond those disclosures, the filing does not commit to a final offer price or exact timing for the listing.