February 13, 2025
Willkie advised Karman Holdings Inc., a company specializing in the upfront design, testing, manufacturing, and sale of mission-critical systems for missile and defense, and space programs, in connection with its $506 million initial public offering.
On February 12, Karman, a portfolio company of Trive Capital, announced the pricing of its initial public offering of 23,000,000 shares of its common stock at a public offering price of $22.00 per share. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,450,000 shares of common stock.
The shares of Karman's common stock began trading on the New York Stock Exchange under the ticker symbol "KRMN" on February 13, 2025, and the offering is expected to close on February 14, 2025, subject to customary closing conditions.
The Willkie team is led by partners Brandon McCoy, Sean Ewen and Hugh McLaughlin and includes associates Omar Shariff, David Ostermann, Bilal Sheriff and Dana Lake.
On February 12, Karman, a portfolio company of Trive Capital, announced the pricing of its initial public offering of 23,000,000 shares of its common stock at a public offering price of $22.00 per share. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,450,000 shares of common stock.
The shares of Karman's common stock began trading on the New York Stock Exchange under the ticker symbol "KRMN" on February 13, 2025, and the offering is expected to close on February 14, 2025, subject to customary closing conditions.
The Willkie team is led by partners Brandon McCoy, Sean Ewen and Hugh McLaughlin and includes associates Omar Shariff, David Ostermann, Bilal Sheriff and Dana Lake.
