KNDS Selects Banks for Frankfurt and Paris IPO Amid Strong Investor Demand for Defense Stocks.

KNDS, a German-French tank manufacturer, has chosen Bank of America, Deutsche Bank, Goldman Sachs, and Société Générale for its initial public offering (IPO) in Frankfurt and Paris. The company aims to capitalize on strong investor demand for defense stocks and is expected to list before the French presidential election in 2027. KNDS is one of the leading names in the European defense industry and has been well-positioned to benefit from increased defense spending by European governments. The company's IPO is expected to be one of the largest in the industry, with a valuation of around €20 billion.