Karman Soars in $506M IPO, Exceeding Expectations

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More Gains Ahead?

Underwriters have a 30-day option to purchase an additional 3.45 million shares, potentially pushing Karman’s total IPO proceeds to $608.4 million.

Leading the offering are Citigroup Global Markets Inc. and Evercore Group LLC.

Karman’s legal representation comes from Willkie Farr & Gallagher LLP, with partners Brandon McCoy, Sean Ewen, and Hugh McLaughlin at the helm. Underwriters are backed by Latham & Watkins LLP, represented by Marc Jaffe, Erika Weinberg, and associates Matt DeSilva, Akina Newbraugh, and Bradford Taylor.

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With its sights set on expanding U.S. military capabilities and commercial space ventures, Karman’s Wall Street liftoff marks the beginning of a high-stakes journey in the evolving defense and aerospace landscape.