BUZZ-Drone maker AEVEX soars 50% on day 2 after IPO
Arxis, Inc. Class A ARXS | 0.00 | |
AeroVironment, Inc. AVAV | 0.00 | |
AEVEX Corp. Class A AVEX | 0.00 | |
Kratos Defense & Security Solutions, Inc. KTOS | 0.00 |
** AEVEX AVEX.N shares soar as much as 49.5% to $40.25 on Mon, a day after drone maker's impressive NYSE debut
** AVEX shares finished up ~35% on Fri after $320 mln IPO priced at $20
** Solana Beach, California-based co joined the likes of publicly traded unmanned aerial system makers, including Kratos Defense & Security Solutions KTOS.O and AeroVironment AVAV.O, and competes with private companies such as Anduril Industries and Shield AI
** In 2025, the U.S. government accounted for 78% of AVEX's rev, and any cuts or delays in defense budgets could materially affect its top line
** AVEX IPO was the second aerospace and defense listing last week, coming on the heels of parts maker Arxis ARXS.O, which enjoyed a 38% debut-day pop on Thurs
** ARXS shares down 1.4% at $37.49 on Mon, still well above their $28 IPO price