Karman Holdings (KRMN) began trading on the NYSE on Thur 13 Feb 25

Karman Holdings Inc., operating under the name Karman Space and Defense, is a company specializing in the upfront design, testing, manufacturing, and sale of mission-critical systems for both existing and emerging missile, defense, and space programs.

• Founded on August 20, 2020 
• Headquartered in Huntington Beach, CA.
• https://karman-sd.com/
  

The IPO was priced at $22 per share, with shares opening at $30, significantly above the initial price range of $18 to $20.

The company aimed to raise $506 million through the IPO by offering 23 million shares.

 

Financials and Valuation:

• At the time of the IPO, Karman was valued at nearly $4 billion, with shares surging to reflect this valuation due to strong investor interest in defense and space sectors.
• For the 12 months ending September 30, 2024, Karman reported revenues of $331 million and a profit of $15.72 million.