Aerospace and defense parts manufacturer Arxis has successfully raised $1.13 billion through its initial public offering. The capital raise comes as global markets grapple with volatility stemming from escalating tensions in Iran.
- Arxis successfully raised $1.13 billion in its IPO
- Defense sector remains attractive despite macro volatility
- Iran conflict is driving fears of sustained high oil prices
- Market participants warn of simultaneous inflation and growth slowdown
- Equity markets are reacting negatively to Middle East geopolitical risks
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