Reported 5 days ago
Karman Holdings saw its valuation climb to nearly $4 billion following a 36% surge in its stock price during its debut on the New York Stock Exchange. The company, which specializes in defense and space systems, raised $506 million through its IPO, reflecting growing investor interest in the sector amid expectations of market expansion under the Trump administration, particularly with increased defense spending and initiatives like the development of a next-generation missile defense system.
Source: YAHOO