Drone maker AEVEX aims to raise $336 million in US IPO

AEVEX, a private equity-backed drone maker, said it is aiming to raise up to $336 million in a U.S. initial public offering. This is a routine IPO filing for a defense/technology-focused private company and is unlikely to move broad markets, though it may attract investor interest in aerospace/defense listings.

Analysis

AEVEX, a private equity-backed drone maker, said it is aiming to raise up to $336 million in a U.S. initial public offering. This is a routine IPO filing for a defense/technology-focused private company and is unlikely to move broad markets, though it may attract investor interest in aerospace/defense listings.