Flag with CSG NV logo, Friday, January 23, 2026.
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Shares of Czech defense firm Czechoslovak Group ( CSG ) rose more than 30% in their stock market debut on Friday. interest of permanent investors in defense companies In the context of Europe’s growing desire for military sovereignty.
CSG, one of the world’s fastest growing defense firms, has made its debut on Euronext in Amsterdam, Netherlands.
Shares were up 30% at 32.5 euros ($38.2) at 12:21 a.m. London time (7:21 ET), having climbed 32% earlier in the session. This growth represents a market capitalization of approximately 32.5 billion euros.
The Prague-based company, which produces armored vehicles, ammunition and advanced defense systems, raised a total of 3.8 billion euros in its initial public offering.
Euronext said The listing was the world’s largest defense IPO in terms of both amount raised and market capitalization.
“Today marks a historic milestone for CSG as we join the Euronext Amsterdam market, and we welcome the trust investors have placed in us,” said CSG Chairman Michal Strnad.
“Becoming a publicly listed company demonstrates our commitment to high standards of transparency, disclosure and corporate governance and strengthens our ability to invest in innovation, expand globally and fulfill our mission to be a critical long-term provider of advanced defense and industrial solutions for NATO nations and government partners around the world,” he added.
The list comes after weeks of heightened geopolitical tensions, with US President Donald Trump threatening to use military force to seize Greenland from NATO ally Denmark.
In a surprise development on Wednesday, Trump said he had reached a deal scope of the future transaction refers to the self-governing territory of Denmark.
In Europe, investors continued to accumulate hedge funds, fueled by a mix of European Union, national and private equity financing.
Strategists cited Russia’s large-scale invasion of Ukraine and the end of the US defense umbrella in Europe as the basis for the so-called “” situation.a mega-trend is being created.”
— CNBC’s Hugh Leask contributed to this report.