Czech defense firm CSG plans Amsterdam IPO as soon as next week.

Czechoslovak Group (CSG) is planning an initial public offering in Amsterdam as soon as next week and could look to raise €3–4 billion while selling about a 15% stake.

Czechoslovak Group AS, an armored vehicle and munitions maker, is planning an initial public offering in Amsterdam possibly as soon as next week. The company is a key supplier to Ukraine's army and has seen revenues rise as European governments increased military spending. Owner Michal Strnad and the company are reportedly looking to sell around a 15% stake. The article says the offering could seek to raise about €3 billion to €4 billion. Key details: - Planned market and timing: the article reports an Amsterdam listing and says an intention to float may be published around next Tuesday, though the exact timing could change. - Size and stake: the article says the company and its controlling shareholder could look to raise €3 billion to €4 billion and sell roughly a 15% stake. - Valuation discussions: some investors indicated interest in valuations around €25–28 billion, while owner Michal Strnad has sought a valuation as high as about €30 billion, the article reports. - Use of proceeds: the article says Strnad is likely to sell shares and CSG may also sell shares to finance future acquisitions and investments. - Market context: the article notes CSG's role supplying Ukraine and says the listing would be Europe’s first IPO of the year amid increased defense-sector listings, with the article mentioning KNDS NV is also preparing IPO plans. Summary: If the offering proceeds, it would be a significant capital-markets development for a large European defense firm and would reflect the wave of higher security spending in Europe since Russia’s invasion of Ukraine. An intention to float may be published around next Tuesday, but the exact timing and deal size remain undetermined at this time.