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Karman Holdings Priced, NYSE: KRMN

Makes mission-critical systems for defense and space programs.

Industry: Industrials

Latest Trade: $48.76 0.00 (0.0%)

First Day Return: +36.6%

Return from IPO: +121.6%

We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications. We believe that our engineering expertise, vertically integrated production capabilities, and track record with critical piece part and subcomponent manufacturing positions us to successfully serve our prime customers who rely on us to deliver technical design and scaled manufacturing for integrated systems that are required to withstand extreme environments and meet stringent performance requirements. Our highly engineered solutions are organized into three key families: Payload Protection and Deployment Systems, Aerodynamic Interstage Systems, and Propulsion Systems.
IPO Data
IPO Date 02/12/2025
Offer Price $22.00
Price Range $18.00 - $20.00
Offer Shares (mm) 23.0
Deal Size ($mm) $506
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
Evercore ISI
more
Company Data
Headquarters Huntington Beach, CA, United States
Founded 1977
Employees at IPO 1,074
Website www.Karman-SD.com

Karman Holdings (KRMN) Performance

Created with Highcharts 10.3.2Chart context menuKRMN vs. IPO Index (IPOUSA)Feb 17Feb 24Mar 3Mar 10Mar 17Mar 24Mar 31Apr 7Apr 14Apr 21Apr 28May 5May 12May 19May 26Jun 2Jun 9Jun 16Jun 23Jun 30Jul 70%+ 100%-100%+ 200%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexKRMNOur ETF tracks the IPO Index