KNDS Delays IPO Citing Tough Defense Market Conditions
businessstocks 3 posts · 3 accounts
KNDS, the European defense equipment manufacturer, put its planned stock market listing on hold Wednesday, citing difficult conditions in the defense sector. The delay postpones what was expected to be one of Europe's largest initial public offerings in recent years.
The tankmaker will resume the IPO process once market conditions improve, according to the company. KNDS was formed through the consolidation of major defense contractors across the region.
From the sources (3 posts)
@businessKNDS will resume its IPO process when market conditions improve, the tankmaker said Wednesday, delaying what was set to be one of Europe's largest listings in recent years
@ftKNDS puts its plans for a stock market listing on hold
@reutersTankmaker KNDS puts off IPO citing tough defence market conditions