The German government has reaffirmed its commitment to the initial public offering of KNDS, the Franco-German land armaments manufacturer, despite reports that the listing has been indefinitely postponed.
Berlin stated it has taken note of the suspension and emphasized that the current shareholders must stabilize the company’s capital structure to proceed with the planned market debut.
KNDS, which produces the Leopard 2 tank, had previously commenced trading preparations on the Frankfurt and Paris stock exchanges, aiming to list 20% of its shares.
The development marks a sharp escalation in the dispute between state owners and private investors over the timing and valuation of the listing.
KNDS, which produces the Leopard 2 tank, had previously commenced trading preparations on the Frankfurt and Paris stock exchanges, aiming to list 20% of its shares.
The indefinite delay reflects broader caution among shareholders as defense sector valuations soften amid shifting market sentiment.
Europe is increasingly turning to public markets to finance its defense buildup, with KNDS’s IPO viewed as a critical test case for the trend.