Karman Holdings Inc.

Karman Holdings Inc. (KRMN) priced its initial public offering on Feb 13, 2025 at $22.00 per share, raising $506M, and listed on NYSE. At the IPO price its market capitalization was about $2.91B. Citigroup was lead-left underwriter, joined by Evercore ISI, RBC Capital Markets and William Blair and others. Willkie Farr & Gallagher advised the company and Latham & Watkins advised the underwriters.

Karman Holdings Inc. designs, tests, manufactures and sells mission-critical systems for missile and defense and space programs, including payload protection, propulsion and interstage systems, supporting Department of Defense and space sector customers.

Status

IPO

Ticker

KRMN

Exchange

NYSE

Priced

Feb 13, 2025

IPO price

$22.00

Raised

$506M

Market cap at IPO price

$2.91B

First filed

Jan 21, 2025

Underwriters

Citigroup, Evercore ISI, RBC Capital Markets, William Blair and Baird

Company counsel

Willkie Farr & Gallagher

Underwriters' counsel

Latham & Watkins

Sector

Industrials & materials

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.