Drone maker AEVEX jumps in New York debut after $320 million IPO

Aevex

17/04/2026 18:47

Updates

** Drone maker AEVEX AVEX.N surges as much as 24.9% in NYSE debut

** Stock opens at $23.01 apiece vs $20 offer price

** Solana Beach, California-based AEVEX sold 16 million shares within marketed ​range of $18 to $21 apiece to raise $320 million

** Listing comes day after aerospace and defense parts maker Arxis ARXS.O closed about 38.4% higher in its Nasdaq debut

** AEVEX marks the second defense tech listing this week, while components manufacturer Elmet is poised to go public in New York next week

** AEVEX provides airborne intelligence, surveillance and reconnaissance offerings to the U.S. government and ​its allied forces

** Its portfolio includes unmanned systems that can deliver munitions, explosive payloads ‌and ⁠guided strikes against targets

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))