Czech Defence Group CSG Advances Amsterdam IPO Plans
Czechoslovak Group (CSG), a major Czech defence manufacturer, has revealed intentions to proceed with a public listing on Euronext Amsterdam, targeting one of Europe’s largest defence sector IPOs in 2026. The offering could potentially raise over €3 billion.
Prague-based defence conglomerate Czechoslovak Group (CSG) has formally announced plans to list its shares on Euronext Amsterdam in the coming weeks, positioning itself for what could be among the largest European defence sector initial public offerings (IPOs) this year.
The IPO will comprise both newly issued shares and existing stock. New shares are planned to total approximately €750 million, with the number of existing shares to be sold yet undetermined. Sources familiar with the transaction have indicated the offering could raise in excess of €3 billion, potentially making it the largest IPO on the Amsterdam exchange since 2021.
CSG’s product portfolio spans ammunition, armoured vehicles, military trucks and defence electronics, serving NATO member states and other international customers, including Ukraine. The company has benefited from elevated defence spending in Europe and globally, driven in part by the conflict in Ukraine and heightened geopolitical uncertainty.
Proceeds from the sale of new shares are to be allocated for general corporate purposes, enhancing financial flexibility. As a publicly listed entity, CSG would gain broader access to capital and could leverage its equity in future acquisition efforts.
The listing also reflects strong investor interest in defence equities, which have reached record valuations amid continued military outlays across NATO and allied states. A successful IPO would elevate CSG’s profile in international capital markets and provide financial resources to support expansion initiatives.
