By Reuters
February 13, 2025 – 9:15 AM PST
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(Reuters) – Karman Holdings (KRMN.N) was valued at nearly $4 billion after its shares rose 36.4% in NYSE debut on Thursday, signaling strong investor appetite for defense and space companies when market expansion is expected under the new Trump administration.
The defense and space systems maker’s stock opened at $30 apiece, compared with the initial public offering price of $22.
The IPO markets are on the road to recovery following a cold stretch spanning more than two years, as investors expect rising corporate profits on potential deregulation and tax-cuts under…
