Arxis Raises $1.3 Billion in Upsized IPO, Lists on Nasdaq as ARXS

Arxis Raises $1.3 Billion in Upsized IPO, Lists on Nasdaq as ARXS — Davis Polk Advised

"Davis Polk advised Arxis, Inc. on an upsized SEC-registered IPO of 46,570,000 Class A shares, raising $1.3 billion (including a 6,075,000‑share overallotment). Arxis, which designs and manufactures proprietary electronic and mechanical components for aerospace, defense, medical technology and specialized industrial markets, is listed on the Nasdaq Global Select Market under the ticker ARXS and is backed by Arcline Investment Management. A multidisciplinary Davis Polk team led by partner Shane Tintle provided capital markets, corporate, tax, executive compensation and IP advice from its New York and São Paulo offices."

Davis Polk advised Arxis, Inc. (the issuer) on its initial public offering; no other law firms are named in the press release. Brief description of the transaction: Arxis completed an upsized SEC‑registered IPO of 46,570,000 shares of Class A common stock for total gross proceeds of $1.3 billion, including the underwriters’ exercise of their option to purchase an additional 6,075,000 shares to cover over‑allotments. Arxis is listed on the Nasdaq Global Select Market under the ticker “ARXS.” Lawyers from Davis Polk named in the press release (seniority and practice area as stated): - Shane Tintle — Partner, Capital Markets team - Lourenço Lopes‑Sabino — Counsel, Capital Markets team - David Giordano — Associate, Capital Markets team - Veronica M. Wissel — Partner, Executive Compensation advice - Charlotte R. Fabiani — Counsel, Executive Compensation advice - William J. Chudd — Partner, Corporate advice - Alon Benjamin Harish — Counsel, Corporate advice - William A. Curran — Partner, Tax advice - Alanna Phillips — Associate, Tax advice - Frank Azzopardi — Partner, Intellectual Property advice Members of the Davis Polk team are based in the New York and São Paulo offices.

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Arxis Raises $1.3 Billion in Upsized IPO, Lists on Nasdaq as ARXS — Davis Polk Advised

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Arxis Raises $1.3 Billion in Upsized IPO, Lists on Nasdaq as ARXS — Davis Polk Advised

Read the full story

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