By Colin Kellaher
Karman Holdings shares jumped more than 30% in their trading debut after the missile, defense and space systems company's initial public offering was priced above expectations.
Karman shares were recently changing hands at $28.78, up 31%, after opening at $30 on Thursday.
The Huntington Beach, Calif., company sold about 8.42 million shares at $22 each in the IPO, compared with an expected price range of $18 to $20 apiece.
Karman investors sold roughly 14.6 million shares, bringing the total size of the IPO to 23 million shares.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 13, 2025 12:31 ET (17:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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