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Stock impact report

Defense Firm York Space Systems Seeks $544 Million in US IPO [Yahoo! Finance Canada]

Karman Holdings Inc. (KRMN) 
Most Read from Bloomberg The IPO is expected to price on Jan. 28, according to people familiar with the matter. A representative for York Space declined to comment. York Space's potential listing comes as companies in the space and defense sectors have been stepping up first-time share sale activity, spurred by increasingly fierce competition among several countries including the US. Any debut would come months ahead of a planned SpaceX IPO that could be the biggest-ever listing, Bloomberg News has reported. Several firms in the sector went public last year, with mixed results. Karman Holdings Inc.'s listing raised $582 million, and its shares have surged nearly 400%. By contrast, Firefly Aerospace Inc. stock has plunged more than a third since its $999 million IPO. Founded in 2012 by Chief Executive Officer Dirk Wallinger, York Space makes and operates spacecraft and satellites for government and commercial customers. The company's clients include the Pentagon, the US Air Fo Show less Read more
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