Karman Holdings (TCFIII SPACECO HOLDINGS LLC) (KRMN) Plans to Raise $401 Million in February 14th IPO

Karman Holdings (TCFIII SPACECO HOLDINGS LLC) (KRMN) is planning to raise $401 million in an initial public offering on Friday, February 14th, IPO Scoop reports. The company will be issuing 21,100,000 shares at a price of $18.00-$20.00 per share.

In the last twelve months, Karman Holdings (TCFIII SPACECO HOLDINGS LLC) generated $331 million in revenue and $15 million in net income.

Citigroup, Evercore ISI, RBC Capital Markets and William Blair served as the underwriters for the IPO and Baird was co-manager.

Karman Holdings (TCFIII SPACECO HOLDINGS LLC) provided the following description of their company for its IPO: “(Incorporated in Delaware) We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (â€?DoDâ€?) and space sector initiatives. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications. We believe that our engineering expertise, vertically integrated production capabilities, and track record with critical piece part and subcomponent manufacturing positions us to successfully serve our prime customers who rely on us to deliver technical design and scaled manufacturing for integrated systems that are required to withstand extreme environments and meet stringent performance requirements. Our highly engineered solutions are organized into three key families: Payload Protection and Deployment Systems, Aerodynamic Interstage Systems, and Propulsion Systems:   â€?   Payload Protection and Deployment Systems: full design and manufacturing of the top section of a booster, launch vehicle, payload, or missile system   â€?   Aerodynamic Interstage Systems: supporting metallic and composite subsystems designed for aerodynamics and interstage separation   â€?   Propulsion Systems: offering of integrated solid rocket motors and supporting subsystems, launch systems, and ablative composites Our solutions are deployed across three growing, core end markets: Hypersonics & Strategic Missile Defense, Missile & Integrated Defense Systems, and Space & Launch. We serve a diverse customer base within these end-markets where we maintain long-standing relationships and engineering partnerships. We believe that our differentiated technical design, expertise, intellectual property, and heritage of mission success provides us with a value proposition that would be difficult to replicate by our current and potential future competitors. By utilizing our vertically integrated and concept-to-production capabilities along with a highly targeted acquisition strategy, we have created a business model aimed at creating long-term, sustainable value for our customers, the programs we support, and the warfighter. Note: Net income and revenue are for the 12 months that ended Sept. 30, 2024. (Note: Karman Holdings (also known as TCFIII SpaceCo Holdings LLC) filed its IPO terms on Feb. 5, 2025, in an S-1/A filing: The IPO consists of 21.05 million shares at a price range of $18.00 to $20.00 to raise $399.96 million. Background: Karman Holdings filed its S-1 for its IPO, without disclosing the terms, on Jan. 21, 2025. Estimated initial IPO proceeds are $100 million, a placeholder figure. Background: Karman Holdings filed confidential IPO documents in late October 2024.)  “.

Karman Holdings (TCFIII SPACECO HOLDINGS LLC) was founded in 2020 and has 1074 employees. The company is located at 5351 Argosy Avenue Huntington Beach, CA 92649 and can be reached via phone at (714) 898-9951 or on the web at http://www.Karman-SD.com/.