Arxis IPO Raises $1.22 Billion, Insiders Retain 99 % Voting Control

Arxis, Inc. (ticker: ARXS) is a technology‑focused firm that completed its initial public offering in April 2026. The offering included an underwriters’ option to purchase an additional 6.075 million shares, which was fully exercised. Trading began on the New York Stock Exchange under the symbol ARXS.

The IPO generated gross proceeds of $1.30 billion (46.575 million × $28). After underwriting fees and expenses, Arxis kept $1.22 billion. About $746 million of that amount was used to repay outstanding term‑loan borrowings, leaving approximately $474 million for working capital and general corporate needs. Following the offering, Arcline Investment Management and its affiliates hold approximately 99 % of total voting rights, a result of the company’s dual‑class share structure where Class B shares carry superior voting power.

The large net proceeds give Arxis flexibility to reduce debt and fund operations, which may improve its balance‑sheet ratios. However, the concentrated voting control means public shareholders have limited influence over corporate decisions, a factor investors weigh when assessing governance risk. The IPO price values the company at roughly $1.3 billion based on the shares offered, placing it in the mid‑range of recent tech listings.