French-German tank maker KNDS fires starting gun on mega-IPO (opens in new tab)

The listing will consist of 20 percent of its shares -- expected to go entirely to institutional, not retail investors -- with the French and German governments to own the rest of the firm. Earlier this week, Paris and Berlin hammered out an agreement to hold equal stakes in the maker of Leopard and Leclerc tanks as well as other crucial land systems, paving the way for the listing. KNDS is looking to raise cash for its rapid expansion as European militaries rearm to face an increasingly host...