Armament: KNDS CEO: "IPO in 2026 still possible"
For weeks, there has been discussion about another postponement of KNDS' stock market debut. Group CEO Alary clarifies: The IPO of the tank builder is supposed to come. One hurdle: the valuation.
KNDS Chief Executive Officer, Alary, stated that a stock market listing remains a possibility for 2026, despite the project being put on hold since the end of June. The decision to pause the listing was made by the board of directors due to current market conditions, not because they have abandoned the plan. The company's current valuation does not meet the expectations of shareholders, but this has not stopped KNDS from discussing with investors.
The board has asked to keep them on standby, ready for the listing to happen at any time. The family owners are only interested in selling the company if it reaches a valuation of 12.5 to 15 billion euros. However, KNDS does not confirm these figures. While Rheinmetall, a fellow defense company, serves as an easy comparison, it is not the only one.
Market conditions can change rapidly, and KNDS has experienced significant fluctuations in the past. The positions and expectations of shareholders can also shift.
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