Applied Aerospace Stock Falls Below IPO Price After $650 Million Debut — The First-Day Signal Traders Can’t Ignore
Applied Aerospace & Defense fell below its $20 IPO price to $19.73 in first-day NYSE trading despite raising $650 million, as investors weighed 24.8% revenue growth against a $17 million net loss, $1.02 billion debt, and heavy reliance on three customers for 59% of 2025 revenue, with sector ETFs also down.