KNDS skjuter upp börsnotering trots boom för investmentbanker

Stridsvagnstillverkaren KNDS har skjutit upp sin planerade börsnotering i juli. Detta utgör det enda bakslaget under ett i övrigt starkt halvår för investmentbanker.

Noteringen var tänkt att bli höjdpunkten på ett rekordhalvår. Inblandade banker, däribland Société Générale och Bank of America, påverkas av beslutet.Marknaden för fusioner och förvärv går mot sitt bästa år sedan 2021. Kapitalökningar och obligationsemissioner uppvisar också en stark utveckling.Bankernas intäkter från avgifter överstiger 1,5 miljarder euro för första gången sedan 2021. Amerikanska och brittiska företag behåller sin ledande ställning inom de flesta segment 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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