KNDS udskyder børsnotering midt i boom for investeringsbanker

Panserproducenten KNDS har udskudt sin planlagte børsnotering i juli. Dette markerer det eneste tilbageslag i et ellers stærkt halvår for investeringsbanker.

Noteringen var tiltænkt som højdepunktet i et rekordhalvår. Involverede banker, herunder Société Générale og Bank of America, mærker konsekvenserne.

Markedet for fusioner og opkøb styrer mod sit bedste år siden 2021. Kapitalforhøjelser og obligationsemissioner klarer sig også stærkt.

Bankernes gebyrindtægter overstiger 1,5 milliarder euro for første gang siden 2021. Virksomheder fra USA og Storbritannien fastholder deres førerposition i de fleste segmenter i Tyskland.

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Illustration of stock exchanges affected by postponed KNDS IPO amid defense stock volatility, with flags and concerned executives.
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KNDS postpones IPO amid volatility in defense stocks

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The German-French defense company KNDS has postponed its planned stock market listing in Paris and Frankfurt. The firm wants to wait for better market conditions. The German government is sticking to its planned entry nonetheless.

Tank manufacturer KNDS intends to proceed with its stock market listing on the original schedule and will not wait for a possible stake by the German government. Chief executive Jean-Paul Alary confirmed on Friday that preparations continue.

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The black-red coalition has agreed on the German government's entry into tank manufacturer KNDS. The federal government is to initially acquire 40 percent of the shares.

Leading online lender KakaoBank reported record first-quarter earnings on Wednesday due to one-off income. Net profit for January-March rose 36.3 percent year-on-year to 187.3 billion won ($128.4 million). The company attributed the gain to its investment in Indonesian digital bank Superbank's recent listing.

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Seoul shares ended flat on Friday as investors bought defense and shipbuilding stocks to offset declines in major tech shares amid Middle East tensions. The benchmark KOSPI edged down 0.18 point to close at 6,475.63. The South Korean won fell against the U.S. dollar.

Seoul's benchmark Kospi index briefly topped 6,700 points on Tuesday, hitting a new intraday record driven by large-cap tech shares. The gain came ahead of first-quarter earnings from US big tech firms such as Alphabet and Meta. As of 9:15 a.m., the Kospi stood at 6,656.05, up 41.02 points or 0.62 percent.

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South Korean stocks opened at a record high Thursday, with the KOSPI benchmark nearing 6,500 points, driven by large-cap tech gains and the United States' indefinite extension of its ceasefire with Iran. U.S. President Donald Trump announced the decision following stalled peace talks. The index marked new records for the third consecutive session.

 

 

 

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