The Zhitong Finance App learned that Amaero (AMRO.US), a manufacturer focusing on titanium and refractory metal powders for 3D printing in defense and aerospace, restarted its initial public offering (IPO) plan in the US on Thursday and submitted new documents to the US Securities and Exchange Commission (SEC), revealing that the scale of shares to be issued has decreased. The company is currently listed on the Australian Stock Exchange and previously attempted cross-listing on NASDAQ in September, but the listing plan was delayed due to unfavorable market conditions. At present, the exact timing of the IPO is yet to be determined.
The McDonald, Tennessee, company currently plans to raise $20 million by issuing 3.9 million shares at a hypothetical issue price of $5.15 per share. This price is the converted value of Amaero's latest share price on the Australian Stock Exchange. The company previously submitted documents and plans to raise up to $53 million by issuing 7.5 million shares at a price of $7.06 per share. According to the revised terms, Amaero's capital raised will be reduced by 62% compared to previous expectations, and the fully diluted market value will be US$143 million (down 35% from previous expectations).
According to reports, Amaero specializes in refractory metals and titanium alloy spherical metal powders for additive manufacturing, and also provides large-scale near-clean molded parts made using powder metallurgy hot isostatic pressing processes. Its products cover powder materials such as niobium, tungsten, tantalum, molybdenum, rhenium and titanium alloys, and are specially designed for 3D printing of key components in the fields of hypersonic weapon systems, satellite propulsion, strategic missiles, aerospace and medical care.
Amaero was founded in 2013. In the 12 months ending June 30, 2026, the company achieved revenue of approximately USD 12 million. The company plans to list on Nasdaq under the ticker symbol “AMRO.” Baird and Lake Street Capital Markets are the joint bookkeepers of the deal; the original lead underwriter Stifel is no longer an underwriter.