Defence specialist Vincorion sets offer price at 17 eur, to start trading on March 20

Reuters03-13

UPDATE 1-Defence specialist Vincorion sets offer price at 17 eur, to start trading on March 20

Adds detail in paragraphs 1 and 5, context in paragraph 3

March 13 (Reuters) - German defence company Vincorion on Friday set the price for its Frankfurt listing at 17 euros ($20) per share, moving ahead with an offering of up to 20.3 million shares provided entirely by its majority owner Star Capital.

The deal would value the defence power‑systems supplier at about 850 million euros.

The company, which makes generators and mechatronic systems for military and aviation platforms, first announced its intention to list in Frankfurt last week and said that cornerstone investors including Fidelity International, Invesco and T. Rowe Price have committed around 105 million euros in guaranteed allocations.

The offer period is expected to commence on March 16, 2026, with the total offering size reaching up to approximately 345 million euros.

Vincorion's shares are scheduled to begin trading on the Frankfurt Stock Exchange on March 20, 2026.

Star Capital will receive all IPO proceeds, while Vincorion and existing shareholders have agreed to a 180‑day lock‑up.

($1 = 0.8697 euros)

(Reporting by Maria Rugamer, Editing by Friederike Heine)

((maria.rugamer@thomsonreuters.com;))

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