A flag with the CSG NV emblem in the course of the itemizing of their firm at Euronext Amsterdam, Jan. 23, 2026.
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Shares of Czech-based protection agency Czechoslovak Group, or CSG, soared over 30% on its inventory market debut on Friday, underscoring sustained investor curiosity in protection firms amid Europe’s rising push for army sovereignty.
CSG, one of many world’s fastest-growing protection companies, made its debut on the Euronext trade in Amsterdam.
Shares rose as a lot as 32% within the session earlier than closing the session up 31.4%.
The Prague-based firm, which makes armored automobiles, ammunition and superior protection programs, raised a complete of three.8 billion euros ($4.5 billion) in its preliminary public providing.
Euronext mentioned the itemizing marked the world’s largest protection IPO ever recorded, each when it comes to quantity raised and market capitalization.
“Right now marks a historic milestone for CSG as we be part of the Euronext Amsterdam market and we welcome the arrogance proven in us by buyers,” Michal Strnad, chairman of CSG, mentioned in an announcement.
“Turning into a publicly listed firm demonstrates our dedication to excessive requirements of transparency, disclosure and company governance and strengthens our means to spend money on innovation, increase our international attain and ship on our mission to be a important long-term provider of superior defence and industrial options to NATO states and Authorities companions worldwide,” he added.
The itemizing comes after weeks of mounting geopolitical tensions, with President Donald Trump threatening to make use of army power to grab Greenland from Denmark, a NATO ally.
In a shock growth on Wednesday, nonetheless, Trump mentioned he had agreed to a framework of a future deal with respect to the self-governing Danish territory.
In Europe, in the meantime, buyers have continued to pile into protection shares, fueled by a mixture of European Union, nationwide and personal capital funding.
Strategists have cited Russia’s full-scale invasion of Ukraine and the tip of the U.S. protection umbrella in Europe as underpinning a so-called mega-trend within the making.
— CNBC’s Hugh Leask contributed to this report.
