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Euronews
Euronews
Quirino Mealha

European defence IPO: KNDS lays out listing plans that could value it at up to €15bn

KNDS Europe IPO Rheinmetall Frankfurt Germany Paris the Financial Times

One of Europe’s largest military equipment producers, KNDS, rolled out long-awaited details of its initial public offering (IPO), aiming for a dual listing in Paris and Frankfurt in the coming weeks.

The IPO could value KNDS, the maker of Leopard and Leclerc tanks, at between €12bn and €15bn, according to the Financial Times, potentially making it one of Europe's largest defence listings in recent years.

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