Aerospace Manufacturing

Arxis Technology priced its IPO at the top of its range, pulling $1.13 billion from investors betting on a sustained defence spending boom. The aerospace parts manufacturer's revenue jumped 47 percent last year as Western nations rebuilt weapon stockpiles depleted by Ukraine aid. Separately, Accel closed a $5 billion late-stage fund, its largest ever, signaling venture capital's flight to quality continues. Both deals suggest institutional money is concentrating in sectors with government backing or proven cash generation.