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Drone Maker AEVEX Aerospace (AVEX) Stock Rises 15% on First Day of NYSE Trading

Drone Maker AEVEX Aerospace (AVEX) Stock Rises 15% on First Day of NYSE Trading

AEVEX Aerospace (AVEX) saw its stock rise 15% on its first day of NYSE trading on April 17, opening at $23.01 after pricing its IPO at $20 per share. The company raised $320 million by selling 16 million shares, with the IPO reportedly multiple times oversubscribed. AEVEX generates 78% of its revenue from U.S. government contracts.

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