Aevex Corp. announces pricing of public offering

AEVEX Corp. has announced the pricing of its initial public offering (IPO), which includes the sale of 16,000,000 shares of Class A common stock at $20.00 per share, raising a total of $320 million before underwriting discounts and commissions. The company has also granted underwriters a 30-day option to purchase up to an additional 2,400,000 shares, which could increase the total offering size by up to $48 million. The shares are expected to begin trading on the New York Stock Exchange (NYSE) on April 17, 2026, under the ticker symbol “AVEX,” with the offering expected to close on April 20, 2026, subject to customary conditions.

AEVEX, a portfolio company of Madison Dearborn Partners, is a global leader in unmanned systems, providing solutions such as Unmanned Aircraft Systems (UAS), loitering munitions, and Unmanned Surface Vehicles (USV) for U.S. and partner nation defense and security applications. The company operates from multiple locations across the United States and emphasizes its capabilities in engineering, sensor integration, and mission systems.

Goldman Sachs & Co. LLC, BofA Securities, and Jefferies are serving as joint lead bookrunning managers for the offering, while J.P. Morgan, RBC Capital Markets, and Baird are acting as bookrunning managers. The offering is being conducted under a registration statement on Form S-1, which has been declared effective by the SEC. Investors are advised to review the prospectus and SEC filings for detailed information about the offering and the company.

The IPO represents a significant milestone for AEVEX, offering increased visibility and capital access as it transitions to a publicly traded entity.