The IPO is now cleared to price, likely within 1-2 trading days. Monitor for the final pricing announcement and first-day trading performance. The large insider ownership post-IPO (81%) means limited float and potential for price volatility.
Price Chart
Executive Summary
The SEC declared effective the S-1 registration statement for Applied Aerospace & Defense, Inc.'s initial public offering. The company can now proceed to price and list up to 32,500,000 shares of common stock on the NYSE under ticker AADX, with an estimated price range of $18.00 to $21.00 per share.
Key Facts
- IPO registration declared effective on June 2, 2026.
- Offering size: 32,500,000 shares of common stock.
- Estimated IPO price range: $18.00 to $21.00 per share.
- Underwriters have a 30-day option to purchase up to an additional 4,875,000 shares.
- Company will list on NYSE under ticker AADX.
- Post-IPO, affiliates of Greenbriar Equity Group will own ~81.0% of common stock (78.7% if overallotment exercised).
- Lead underwriters: Morgan Stanley and Jefferies.
Financial Impact
Gross proceeds to the company from the primary offering of 32,500,000 shares at the midpoint of the estimated range ($19.50) would be approximately $633.75 million, before underwriting discounts and expenses.
Risk Factors
- Post-IPO lock-up expiration could lead to selling pressure from the controlling shareholder.
- No prior public market for the stock; price discovery is uncertain.
- Controlled company structure limits minority shareholder influence.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-001847 |
| Document: 9999999995-26-001847-index.html | 9999999995-26-001847 |
| Document: 9999999995-26-001847.txt | 9999999995-26-001847 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 10w ago | Institutional Cluster | $18.12 $12.22 | ▼ −32.56% | ▼ −30.58% | $10.39 (−42.66%) |
Aug 12, 2026 10w ago | 8-K | $19.11 $11.54 | ▼ −39.61% | ▼ −37.72% | $10.39 (−45.63%) |
Aug 10, 2026 11w ago | 8-K | $21.52 $12.39 | ▼ −42.43% | ▼ −41.51% | $10.39 (−51.72%) |
Jun 29, 2026 17w ago | ANALYST-UPGRADE | $20.73 $18.01 | ▼ −13.12% | ▼ −12.84% | $10.39 (−49.88%) |
Jun 4, 2026 20w ago | Insider Cluster | $17.54 $23.08 | ▲ +31.58% | ▲ +29.72% | $10.39 (−40.76%) |
Jun 4, 2026 20w ago | 8-K | $17.54 $23.08 | ▼ −31.58% | ▼ −29.72% | $10.39 (+40.76%) |
Jun 4, 2026 20w ago | 424B4 | $18.60 $23.06 | ▲ +23.98% | ▲ +25.35% | $10.39 (−44.14%) |
Jun 3, 2026 20w ago | 3 | $18.60 $23.06 | ▲ +23.98% | ▲ +25.35% | $10.39 (−44.14%) |
Jun 3, 2026 20w ago | 3 | $18.60 $23.06 | ▲ +23.98% | ▲ +25.35% | $10.39 (−44.14%) |
Jun 3, 2026 20w ago | 3 | $18.60 $23.06 | ▲ +23.98% | ▲ +25.35% | $10.39 (−44.14%) |
US Market Status
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