By Joshua Kirby
Vincorion shares jumped on the group's first day of trading as investors eye a business boost for Europe's defense suppliers.
Shares in the German company, which supplies aviation and vehicle systems for the defense industry, traded at 19.59 euros in morning trading, up 15% from a listing price of 17 euros a share. The company had said it aimed to raise 345 million euros ($399.8 million) through the initial public offering at the listing price.
The group's owner, investment firm Star Capital, carried out the listing by placing over 20 million shares into free float, and will continue to hold around 47.5% of the group's shares, Vincorion said Thursday.
The IPO comes as investors anticipate a boost to Europe's defense sector from a planned fiscal stimulus in Germany and other countries. European Union leaders have called for greater domestic spending on defense, and many governments have pledged extra cash for arms and defense systems.
Kajetan von Mentzingen, chief executive officer, said the IPO reflected investor confidence in Vincorion's business model and growth strategy.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
March 20, 2026 05:14 ET (09:14 GMT)
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