Czech defence firm Czechoslovak Group (CSG) on Wednesday announced its intention to float shares on Euronext Amsterdam in an initial public offering comprising both existing and new shares in what may be one of Europe's biggest IPOs this year.
CSG said in a statement the offering was expected to take place in the coming weeks and would consist of new shares for 750 million euros ($873.60 million) and an amount of existing shares to be determined at a later stage.
CSG, one of the world's fastest-growing defence firms which counts the Ukrainian military among its customers, said it will use proceeds from the sale of new shares for general corporate purposes.
Sources have told Reuters the IPO could raise more than 3 billion euros ($3.50 billion), which would make CSG Amsterdam's largest IPO since InPost in 2021, which raised $3.9 billion, according to Dealogic data.
Czech defence firm CSG announces Amsterdam IPO
byu/devler instocks
Posted by devler
1 Comment
If this IPO really hits EUR 3B+, it’s a clear signal that investor appetite for defence stocks is still very strong despite the cautious market.