Greenbriar-Backed Applied Aerospace Raises $650 Million in IPO

TL;DR

Greenbriar-Backed Applied Aerospace Raises $650 Million in IPO Applied Aerospace & Defense raises $650 million in US IPO Investment Thesis I am rating Applied Optoelectronics (AAOI) a Buy rating. The major reason is the fact that I believe the stock is not just moving only on AI excitement, but it is moving because - I initiate coverage of Applied Optoelectronics with a Buy rating. - The main growth drivers are the 800G and 1.6T transceiver ramp, the expansion of production capacity, and the companyâs ability to turn hyperscale AI demand into revenue.