Karman Holdings (Ticker: KRMN), also known as TCFIII SpaceCo Holdings LLC, is an aerospace and defense company specializing in the design, testing, manufacturing, and sale of mission-critical systems for missile and defense, and space programs. Their solutions include payload protection and deployment systems, aerodynamic interstage systems, and propulsion systems. Karman Holdings serves a diverse customer base within the Hypersonics & Strategic Missile Defense, Missile & Integrated Defense Systems, and Space & Launch end-markets.

Karman Holdings will list on February 14, 2025, on NYSE. The firm is selling 21.1 million shares at the price range of $18.00-$20.00. The expected Market Capitalization at offer is $2.5 billion. The total offer size is $400 million. The offering is managed by Citigroup/Evercore ISI/RBC Capital Markets/William Blair.