Overview
- AEVEX, which began trading Friday on the NYSE as AVEX, opened at $23.01 after a $20 offer and finished the day up 35% at $26.93.
- The company sold 16 million Class A shares at $20 to raise $320 million, with a 30‑day option for 2.4 million more shares, and Goldman Sachs, BofA and Jefferies led the deal.
- AEVEX makes airborne intelligence, surveillance and reconnaissance gear and tactical unmanned systems, with about 75% of revenue from its Tactical Systems unit.
- The business leans on government work, with the U.S. government providing about 78% of 2025 revenue, and recent Ukraine programs total more than 9,300 systems and over $1.2 billion through 2026.
- Madison Dearborn Partners remains in control after the listing, holding roughly 79% of shareholder voting power according to filings.