Arxis completes $1.3B IPO at $28/share; Arcline retains 99% voting control via dual-class stock

Filed April 17, 2026 · Period ending April 16, 2026 · ~2 min read

Key Changes

• high

  Arxis sold 46.6M Class A shares at $28/share in IPO, raising $1.3B gross proceeds. Used $746M to repay term loan debt, retaining ~$474M for working capital and general corporate purposes.

  Item 1.01 verify on EDGAR →
• high

  Private equity sponsor Arcline retains 99% of voting power through 340.7M Class B shares despite public offering. Public Class A shareholders have minimal influence over corporate decisions and governance.

  Item 1.01 verify on EDGAR →
• high

  Pre-IPO reorganization merged four portfolio companies (IPS, Quantic, Connector, Ovation) into Arxis subsidiaries. Issued 23.2M Class A shares and 340.7M Class B shares to existing unitholders, plus 11.1M restricted shares for unvested equity.

  Item 1.01 verify on EDGAR →