Aerospace, Defense Parts Maker Arxis Raises $1.13 Billion in IPO

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Stocks:Arxis Inc., a maker of electronic and mechanical parts for aerospace and defense firms, raised $1.13 billion in an upsized initial public offering.Bloomfield, Connecticut-based Arxis sold 40.5 million shares for $28 each, according to a statementBloomberg Terminal Wednesday. The company had marketed 37.7 million shares for $25 to $28.