Applied Aerospace & Defense, Inc. Prices Initial Public Offering

Applied Aerospace & Defense, Inc. Prices Initial Public Offering

Applied Aerospace & Defense raised $650M in its NYSE IPO, pricing at $20 a share for a $3.4bn valuation after a ten-times-oversubscribed book.

Applied Aerospace & Defense made its stock market debut on Wednesday. The company's shares opened higher than their offer price. This debut valued the firm at over three billion…