Defense conglomerate KNDS has confirmed it will proceed with an initial public offering, listing shares on the Euronext Paris and Frankfurt Stock Exchange.
The company announced the move on Wednesday, marking a significant step in its strategy to raise capital and increase transparency as European defense spending accelerates.
Current shareholders are expected to sell up to 20% of the existing share capital in the offering.
Current shareholders are expected to sell up to 20% of the existing share capital in the offering.
The dual-listing structure is designed to provide liquidity across two of Europe's major financial centers, reflecting the company's Franco-German ownership structure.
KNDS was formed by the merger of France's Nexter and Germany's Krauss-Maffei Wegmann, creating one of the continent's largest producers of military equipment.
The IPO comes amid heightened demand for armored vehicles and artillery systems, driven by ongoing conflicts in Europe and broader geopolitical tensions.