Gate News message, April 17 — Military drone supplier Aevex (AVEX.US) priced its initial public offering at $20 per share, raising $320 million through the issuance of 16 million shares. The pricing falls within the previously announced range of $18 to $21 per share. Based on the IPO price, the company’s fully diluted market valuation stands at $2.2 billion. Aevex is scheduled to list on the New York Stock Exchange under the ticker symbol “AVEX” on Friday, April 18.
The company develops unmanned and autonomous systems for defense applications, with a focus on artificial intelligence-enabled aerial platforms designed for surveillance, reconnaissance, and precision strike missions. Its product portfolio includes loitering munitions and other unmanned systems engineered to operate in complex or GPS-denied environments, supported by proprietary software for navigation and sensor integration. Aevex primarily serves the U.S. government, which accounted for 78% of its 2025 revenue, as well as allied partners, generating income through the sale of systems and related services in its tactical and global solutions divisions.
The co-lead book managers for this offering are Goldman Sachs, Bank of America Securities, Jefferies Group, JPMorgan Chase, RBC Capital Markets, Baird, William Blair, Raymond James, and Needham & Company.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Intchains Group Discloses 8,040 ETH Staked, Accelerates AI-Powered Operations Transformation
Intchains Group reported a cumulative staking of 8,040 ETH, with a strategy that includes the FalconX platform and its own Goldshell Stake. The company is also enhancing operations through AI automation to boost efficiency and decision-making.
GateNews5m ago
Geopolitical Tensions Push Packaging Costs Higher; PepsiCo Signals Potential Price Increases
PepsiCo warns that rising geopolitical tensions may lead to increased product costs, prompting potential price hikes. The company reported strong Q1 2026 earnings and plans to utilize supply chain and productivity improvements to manage inflation, while other consumer brands also signal possible price increases.
GateNews40m ago
Adata and Jay Chou raking in big money? GD’s talent agency secretly meets with Dubai’s royal family to discuss an IPO, AI, and robots
South Korean entertainment technology company Galaxy Corporation has recently moved into the Middle East market, established the Dubai entity “Galaxy ME,” and met with members of the UAE royal family to explore the integration of AI and content. The company has selected an underwriter to carry out its IPO; last year, revenue reached 300 billion Korean won, and it has attracted investments from Jay Chou and Adata, among others. This move is intended to drive the development of the Middle East entertainment ecosystem and underscores the importance of its globalization strategy.
ChainNewsAbmedia1h ago
SpaceX Accelerates Stock Vesting Ahead of Potential IPO
SpaceX has moved employee stock award vesting from May to April ahead of a planned IPO, targeting a valuation above $2 trillion. The changes could impact employees’ tax liabilities and financial risk, as many hold substantial equity in the company.
CryptoFrontier1h ago
Together with TSMC, Darfon is moving into optical communications. Dali Guang Lin Enping is too honest! He even said publicly that CPO is still a long way off, and the stock price plunged 7%.
Largan Precision has recently moved into AI data center co-packaged optics (CPO) technology, which has attracted market attention. However, at a shareholder meeting, Chairman Lin En-ping said that it is actually still in the preparation stage, and that mass production is still one to two years away, leading to an approximately 7% drop in the stock price. The company is currently focused on developing fiber array components, emphasizing the opportunity for rapid alignment of emerging technologies.
ChainNewsAbmedia1h ago
