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Market Chatter: European Tank Maker KNDS Said to Soon Announce IPO Plans

MT Newswires·12/17/2025 02:47:02
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02:47 AM EST, 12/17/2025 (MT Newswires) -- Tank manufacturer KNDS is expected to announce plans for an initial public offering as soon as this week, Bloomberg News reported Wednesday, citing people familiar with the matter. The Amsterdam-based company requested pitches from banks for managing a dual listing in Frankfurt and Paris, which could take effect next year, the report said. The IPO plan follows interest from rival defense manufacturer Rheinmetall (RHM.F). The timing of the announcement could potentially change, the report added, citing the sources. KNDS did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)