Space firm Karman falls after launching secondary offering

Karman Holdings

22/07/2025 12:54

** Defense and space systems maker Karman Holdings' KRMN.N shares fall 6.1% to $52.80 premarket

** KRMN late Monday launched secondary offering of 20 million shares being offered by some existing stockholders

** Selling shareholders include private equity firm Trive Capital and Karman CEO Tony Koblinski

** Citigroup and Evercore ISI are book-running managers for proposed offering

** KRMN went public in February after 23 million share IPO priced at $22 apiece

** All five brokerages covering stock rate "buy" or higher; median PT $50.50 - data compiled by LSEG

** As of last close, KRMN stock has more than doubled since debut on February 13

 (Reporting by Arasu Kannagi Basil in Bengaluru)

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