Franco-German defence group KNDS has confirmed plans to list its shares on the Euronext Paris and Frankfurt Stock Exchange.
The initial public offering marks a significant step for the manufacturer of Leopard 2 tanks and Caesar howitzers, which was formed by the merger of French firm Nexter and German company Krauss-Maffei Wegmann.
Sources indicate the IPO could value the company at a level reflecting the current surge in European defence spending.
The dual listing strategy aims to tap into both French and German capital markets, providing liquidity for existing shareholders and raising fresh capital for expansion.
The move comes as European defence contractors face growing demand for armoured vehicles and artillery systems.
KNDS is positioning itself to capitalize on this trend, with the IPO serving as a key milestone in its post-merger integration and growth strategy.