Arxis, Inc.

Arxis manufactures precision-engineered electronic and mechanical components for aerospace, defense and mission-critical systems. The company also serves the medical technology and industrial automation markets. Arxis is backed by Arcline Investment Management, a private equity firm focused on niche industrial businesses.

The company operates as a platform of 47 specialized brands, assembled through a series of acquisitions. While the Arxis name is relatively new, the underlying expertise spans decades of aerospace and defense engineering. The company is headquartered in Tempe, Arizona.

Arxis is targeting ~$1 billion in its Nasdaq IPO at a valuation of ~$10.6 billion, with a price range of $25–28 per share. The offering is led by Goldman Sachs, Morgan Stanley, Jefferies, Citigroup and RBC Capital Markets.

Defense and space account for roughly 47% of revenue, commercial aerospace for about 23%. A significant share of contracts are long-term, with high barriers to entry for competitors. This model delivers a steady order flow regardless of short-term market swings.

With global defense budgets rising, the technology race accelerating and supply chains growing more complex, Arxis is shaping up to be one of the largest industrial IPOs of spring 2026.

Arxis is listing on Nasdaq under the ticker ARXS, offering approximately 37.7 million shares at $25–28 per share for a total raise of ~$1 billion. The offering is led by Goldman Sachs, Morgan Stanley, Jefferies, Citigroup and RBC Capital Markets.

The company operates in a high-barrier segment: certifying components for aerospace and defense takes years, and switching suppliers is costly. Revenue stands at approximately $1.59 billion, with a significant portion coming from recurring orders from OEMs and defense contractors. Competitors include Heico and TransDigm, which speaks to the scale and maturity of the space.

Following the offering, controlling interest will remain with Arcline Investment Management, a private equity firm with over $20 billion in assets under management, focused on niche industrial businesses. Arcline built Arxis as a platform of 47 brands and is now taking it public.

Application deadline: April 15, 6:00 PM (UAE).

• Ownership: Arxis was built as a platform by Arcline Investment Management, a private equity firm with over $20 billion in AUM, focused on niche industrial businesses. Through a series of acquisitions, Arcline assembled 47 brands into a single entity. Post-IPO, Arcline will retain control through high-vote shares. CEO Kevin Perhamus previously led Arxis predecessors Quantic and Qnnect, and held senior roles at Winchester Interconnect, Teradyne and Amphenol.

• Business model: Revenue is driven by the supply of precision-engineered electronic and mechanical components for mission-critical systems. Products undergo multi-year certification processes, creating high barriers to entry and long-term customer relationships. The company continues to scale through acquisitions.

• Financials: Revenue of approximately $1.59 billion, net income of approximately $46 million. Defense and space account for ~47% of revenue, commercial aerospace ~23%, with the remainder split between medical technology and industrial automation.

• Scale: 47 brands under one platform, global footprint, headquartered in Tempe, Arizona. Customers include major OEMs and defense contractors.

• Risks: Elevated debt following a series of acquisitions; reliance on defense budgets and government contracts; concentrated control by Arcline post-IPO; competition with Heico, TransDigm and other aerospace component suppliers.

• IPO purpose: Raising ~$1 billion to reduce debt and fund further acquisitions.

Arxis was created to meet the aerospace and defense industries' growing demand for precision-engineered electronic and mechanical components built to perform in extreme conditions – from spacecraft to weapons systems. The company was established in Tempe, Arizona, as a platform of Arcline Investment Management, a private equity firm with over $20 billion in assets.

While the brand is relatively new, the engineering expertise behind it spans decades. The platform brings together 47 specialized companies, assembled through a series of acquisitions. Each of these brands spent years building deep expertise in its niche – from connectors and sensors to microelectronics and precision mechanics. Combined, they form a company with a broad component portfolio serving defense contractors, aircraft manufacturers and medical device makers.

What defines Arxis's business model is the high barrier to entry. Products undergo multi-year certification, and switching suppliers is both expensive and time-consuming for customers. This locks in long-term contracts and a recurring order flow from major OEMs and defense contractors.

The company is also expanding into adjacent markets – medical technology and industrial automation – broadening its addressable market beyond defense.

Today, Arxis generates approximately $1.59 billion in annual revenue with net income of around $46 million. Defense and space account for ~47% of revenue, commercial aerospace for ~23%. The company is heading to Nasdaq at a valuation of ~$10.6 billion, driven by rising global defense budgets and an accelerating technology race.

Arxis is a case study in how assembling dozens of niche industrial companies under a single platform, combined with certified products that carry high switching costs and the backing of a major private equity firm, can produce a resilient business in one of the most in-demand sectors of the global economy.

1. What is an IPO?

An IPO (Initial Public Offering) is when a private company lists its shares on a stock exchange for the first time to raise capital from investors. From that point onward, the company’s shares can be freely bought and sold on the open market.

2. Where are IPOs conducted?

IPOs take place on the world’s largest stock exchanges. In the U.S., the primary venues are the NYSE (New York Stock Exchange) and NASDAQ. Once a company goes public, its shares are freely traded on these exchanges, and the market price is established after the offering.

3. What is allocation?

Allocation (from “allocation” – distribution) refers to the process of distributing resources, assets, or capital for maximum efficiency. In investing, allocation usually means distributing the available amount of shares among investors in an IPO or private placement.

4. How much allocation does an investor receive?

The allocation size is determined by the terms of each specific offering and typically ranges from 2% to 30% of the submitted application amount. In some cases, the allocation may reach 100%. In rare instances, no allocation may be granted – in that case, the full amount of the application is returned to the investor’s account and becomes available for reinvestment or withdrawal. Information on the actual allocation volume is usually provided about one day before the IPO, approximately six hours prior to the transaction.

Example — Bullish IPO (Aug 13, 2025):
An investor placed an order for $10,000. The allocation was 29.6%, meaning $2,960 was invested in the IPO. The remaining $7,040, including the purchase commission, was refunded to the balance and became available for withdrawal.

Klarna IPO (Sept 10, 2025):
An investor placed an order for $10,000. The allocation was 14%, meaning $1,400 was invested in the IPO. The remaining $8,600, including the purchase commission, was refunded to the balance and became available for withdrawal.

Figure IPO (Sept 11, 2025):
An investor placed an order for $10,000. The allocation was 16%, meaning $1,600 was invested in the IPO. The remaining $8,400, including the purchase commission, was refunded to the balance and became available for withdrawal.

Gemini IPO (Sept 12, 2025):
An investor placed an order for $10,000. The allocation was 29%, meaning $2,900 was invested in the IPO. The remaining $7,100, including the purchase commission, was refunded to the balance and became available for withdrawal.

Legence IPO (Sept 12, 2025):
An investor placed an order for $10,000. The allocation was 78%, meaning $7,800 was invested in the IPO. The remaining $2,200, including the purchase commission, was refunded to the balance and became available for withdrawal.

Black Rock Coffee Bar IPO (Sept 12, 2025):
An investor placed an order for $10,000. The allocation was 68%, meaning $6,800 was invested in the IPO. The remaining $3,200, including the purchase commission, was refunded to the balance and became available for withdrawal.

5. Why do companies go public?

To raise growth capital, increase brand visibility, and provide early investors and employees with an opportunity to sell part of their shares.

6. How is participating in an IPO different from buying shares on the exchange?

When you participate in an IPO, you buy shares before they start trading publicly. This provides an opportunity to purchase at the fixed offering price but also carries the risk that the price may drop once trading begins.

7. What do I get by participating in an IPO through Regolith?

You become an investor in the company at the IPO stage via our U.S. partner infrastructure. After the transaction is completed and the lock-up period expires, profits from the share sale are distributed among investors proportionally to their stake in the deal.

8. What is a lock-up period and how long does it last?

A lock-up period is a timeframe set by the issuer and underwriters during which shares cannot be sold. For IPOs offered through our platform, this period is 93 days. Once it ends, the shares are sold on the exchange and proceeds are distributed among investors.

9. How is participating through the platform different from buying shares independently?

To buy independently, you would need access to a U.S. broker, a significant investment amount, and approval from underwriters. The platform pools capital from investors, providing access to IPOs that are otherwise unavailable to most individuals.

10. Through whom is IPO participation carried out?

We operate through a U.S.-based structure that works with a licensed broker in the U.S. Our partner selects promising IPOs and participates in the offering under its own name.

11. How is the deal structured legally?

An investor signs an agreement/offer to participate in the investment product. Regolith then transfers funds to its partner entity – Wealthy Labs Limited (the provider), which enters into a forward contract with the broker and executes all operational activities. The provider delivers the financial outcome to Regolith, which then distributes proceeds among investors.

12. Is there a minimum investment amount?

Yes. Each IPO has a defined minimum entry threshold, shown on the offering page. On average, Regolith provides access starting from $500.

13. Do I receive shares into my personal brokerage account?

No. Shares are purchased and held in the partner’s brokerage account. After the lock-up period, the broker sells the shares and transfers proceeds for distribution among investors.

14. Can shares be transferred directly to my brokerage account?

No. Participation is structured via a forward contract with the partner’s brokerage infrastructure. The deal is executed on behalf of the partner, and settlements with investors are carried out through the platform.

15. How can I sell my shares after the IPO?

Sales are processed automatically: once the lock-up expires, the partner broker sells the shares on the exchange, and proceeds are distributed proportionally among investors.

16. What are the risks of investing in IPOs?

IPOs are high-risk investments. While they may offer high returns, they also carry significant volatility. Share prices on the first trading day – and after the lock-up – can fluctuate sharply. There is a risk that the market price will fall below the offering price. In addition, macroeconomic and sector-specific factors can affect outcomes.

17. Can I know in advance how much I will earn?

IPO returns are not guaranteed. The final result depends on the share price at the time of sale after the lock-up, overall market conditions, and the company’s performance.

18. How can I verify that Regolith participates in IPOs?

We publish all available deal information in the client dashboard. Additionally, we provide an agreement disclosing the infrastructure used for transactions. Broker and partner documents are not shared, as they contain confidential data protected by contractual obligations.