Business
Vincorion Shares Gain on Market Debut as Investors Eye Rising Defense Demand
Vincorion shares jumped on the group’s first day of trading as investors eye a business boost for Europe’s defense suppliers.
Shares in the German company, which supplies aviation and vehicle systems for the defense industry, traded at 19.59 euros in morning trading, up 15% from a listing price of 17 euros a share. The company had said it aimed to raise 345 million euros ($399.8 million) through the initial public offering at the listing price.
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