Business
A Top Artillery Supplier for Ukraine Aims to Go Public at a $35 Billion Valuation
Defense company Czechoslovak Group said it planned to raise at least $873 million in a stock-market listing in Amsterdam, cashing in on the huge demand for its bullets and shells sparked by the war in Ukraine.
The listing could value the company at around 30 billion euros, the equivalent of roughly $35 billion, according to a person familiar with the matter.
The Ukraine war has boosted defense businesses across the West, with the shares of European arms companies surging since Russia’s 2022 invasion. Kyiv is getting through copious amounts of artillery and small-arms ammunition, while European countries are starting to rebuild their arsenals after years of neglect.
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