American aerospace and defense project integration system manufacturer Karman (KRMN.US) will be listed tonight, with an IPO price of $22 per share.

Karman Holdings, a manufacturer of integrated systems for space and defense projects in the United States, will be listed on the New York Stock Exchange on February 13th, Eastern Time, under the ticker symbol "KRMN". The company's initial public offering (IPO) is priced at $22 per share, higher than the previously announced price range of $18-20 per share. The company will sell 23 million shares of stock to raise $506 million. Operating under the name Karman Space and Defense, the company specializes in providing advanced systems for pre-design, testing, manufacturing, and sales for existing and emerging missile and defense as well as space programs. Its integrated payload protection, propulsion, and inter-stage systems solutions are deployed in various programs supporting critical projects of the US Department of Defense and space sector. Karman's highly engineered solutions are divided into three main series: payload protection and deployment systems, aerodynamic interstage systems, and propulsion systems. These solutions are deployed in three core end markets: hypersonic and strategic missile defense, missile and integrated defense systems, and space and launch. The company was founded in 2020, and as of the 12 months ending on September 30, 2024, it had revenue of $331 million.