Overview
- Vincorion opened trading above its €17 offer price and closed at €18.70, up 10%, after touching an intraday high of €19.93 for a closing market value of about €940 million.
- Private‑equity owner Star Capital sold shares worth roughly €300 million in the IPO and remains the largest shareholder with 47.5%, down from about 88% before listing.
- Based in Wedel, the supplier makes mechatronics and power systems used in Leopard 2 and Puma vehicles and Patriot air defenses, employs roughly 900 people, and reported about €240 million in 2025 revenue.
- Sector leaders continue to post strong growth, with Rheinmetall reporting 2025 revenue of €9.9 billion, after‑tax profit of about €835 million, and an order backlog near €40.8 billion.
- Recent and prospective listings underscore the capital‑markets shift, with TKMS public since October 2025 and holding a record order backlog of roughly €18.1–18.7 billion, and KNDS stating it plans an IPO this year.