Applied Aerospace & Defense Prices IPO at $20 per Share
Applied Aerospace & Defense, an advanced manufacturer of mission critical systems for space and defense, priced its initial public offering of 32.5M shares of its common stock at a price to the public of $20.00 per share. The deal priced within the $18.00-$21.00 range. Morgan Stanley, Jefferies, BofA, RBC Capital, Guggenheim, Baird, Stifel and Nomura acted as joint book running managers for the offering. The shares are trading on the New York Stock Exchange under the ticker symbol "AADX."