Amaero postpones proposed $52.6M IPO
Amaero Inc, McDonald, Tennessee, USA, has postponed its proposed US initial public offering (IPO), citing adverse market conditions.
As previously reported by Metal AM, Amaero filed for the proposed IPO and Nasdaq listing earlier this month, with plans to offer 7,456,500 shares of common stock and list on the Nasdaq Global Select Market under the ticker AMRO. Based on an assumed offering price of $7.06 per share, the offering would have had a gross value of approximately $52.6 million.
The company stated that its Registration Statement on Form S-1, filed with the US Securities and Exchange Commission (SEC), has not yet been declared effective. Amaero did not provide a revised timetable for the offering.
Amaero produces spherical refractory and titanium alloy powders for Additive Manufacturing, as well as large near-net-shape components produced by Powder Metallurgy Hot Isostatic Pressing (PM-HIP). Its manufacturing operations are based in McDonald, where it houses three Electrode Induction Melting Inert Gas Atomisation (EIGA) systems, with a fourth scheduled to be commissioned in June 2027.
Amaero’s business was founded in Australia in 2013 and listed on the ASX in 2019. The company subsequently relocated its manufacturing and corporate headquarters to Tennessee and completed the redomiciliation of its parent company from Australia to Delaware in June 2026.
