Greenbriar-Backed Applied Aerospace Seeks $682.5 Million in IPO

Applied Aerospace & Defense Inc., a space and defense engineering firm backed by private equity firm Greenbriar Equity Group, is seeking to raise as much as $682.5 million in an initial public offering, as companies in the sector rush to public markets ahead of SpaceX’s potential listing later this year.

The Huntsville, Alabama-based company plans to market 32.5 million shares for $18 to $21 each, according to its filing Tuesday with the US Securities and Exchange Commission. At the top of that range, Applied Aerospace & Defense would have a market value of $3.6 billion based on ...