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Arxis opens at $38.00, IPO priced at $28.00

Arxis (ARXS) priced 40.5M shares at $28.00, at the high end of the $25.00-$28.00 target range. Goldman Sachs, Morgan Stanley and Jefferies are acting as joint book running managers for the offering. Arxis is a designer and manufacturer of proprietary, mission-critical electronic and mechanical engineered components and a portfolio company of Arcline Investment Management.

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