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Aeroflex Holding files to go public again with $500 million IPO

April 6, 2010
ARX

Aeroflex Holding, which provides radio frequency and other microelectronics products for the space, avionics, defense and commercial wireless markets, filed on Tuesday with the SEC to raise up to $500 million in an initial public offering. The Plainview, NY-based company, which was founded in 2007, posted $173 million in Adjusted EBITDA on $599 million in sales for the year ended December 2009. The company plans to list on the NYSE under the symbol ARX; it was previously a public company for 46 years before being acquired by Veritas Capital, Golden Gate Capital, GS Direct and members of management in 2007. Goldman Sachs, Credit Suisse, J.P. Morgan and Morgan Stanley are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.