IPO Boutique

#IPO Timeline: April 2026 Link to $ARXS S-1: sec.gov/Archives/edgar…

$ARXS They generated revenue of $1,591.0 million for the year ended December 31, 2025, which represents a 10.5% revenue CAGR from the year ended December 31, 2021, calculated based on pro forma revenue from 2021 to 2025, while generating a net income of $46.0 million for the year ended December 31, 2025, and net loss of $55.5 million and $59.9 million for the years ended December 31, 2024 and 2023, respectively.

Designer and manufacturer of proprietary, mission-critical electronic and mechanical components engineered for cutting-edge performance in extreme environments, Arxis Inc., filed for #IPO on 3-24-26. Company is backed by Arcline Investment. $ARXS

Link to $AVEX S-1: sec.gov/Archives/edgar…

$AVEX Products revenue increased to $319.4 million from $292.4 million, or by $26.9 million and 9.2%, for the year ended December 31, 2025 compared to the year ended December 31, 2024. Services revenue increased to $113.6 million from $99.8 million, or by $13.8 million and 13.9%, for the year ended December 31, 2025 compared to the year ended December 31, 2024.

Leading defense technology prime contractor and critical enabler of U.S. Unmanned Aerial Systems (“UAS”) dominance strategy missions, AEVEX Corp., filed for an #IPO on 3-23-26. The company is PE-Backed by Madison Dearborn Partners $AVEX

Link to Prospectus $HMHW: sec.gov/Archives/edgar…

Underwriters: J.P. Morgan, Piper Sandler, Evercore ISI, Citigroup, DNB Carnegie Co-Manager(s): Nordea, Stifel $HMHW

Provider of highly engineered, mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore, HMH Holding Inc., sets terms for #IPO. $HMHW

Link to $XE S-1: sec.gov/Archives/edgar…

Backed by DOE funding and customers like Dow, Amazon, and Centrica, X-energy has an 11+ GWe pipeline and is building its TRISO-X fuel facility to support large-scale reactor deployment.

Leading designer of advanced nuclear reactor technology (commonly referred to as small modular reactors, “SMRs”) and manufacturer of advanced nuclear fuels, X-Energy, filed for #IPO.

. @IPOBoutique informed clients of the strength early in the week and were able to allocate heavily toward this new issue.

Only IPO this week + heavy REIT investor engagement = strong setup. With a discounted valuation and focused strategy, $JAN looks positioned for continued momentum post-debut.

Janus Living Inc $JAN delivered a strong IPO debut, pricing 42mm shares at $20 (upsized from 37mm) and opening at $23.50 +17.5%. Solid start for the REIT market.