Monday rings the bell for ThyssenKrupp Marine Systems (TKMS) heralds a new era: The traditional submarine and warship builder launches as an independent company on the Frankfurt Stock Exchange. Investors will receive the share automatically - one TKMS share for every 20 ThyssenKrupp shares - and thus become part of one of the most exciting stock market debuts of the year.
With an order volume of 18.6 billion eurosprojects well into the 2040s and customers from Norway to Norway to Singapore TKMS is positioning itself as a beacon of hope for the German defense industry. The Group wants to position itself as the "Rheinmetall of the seas" supported by geopolitical tensions and rising defense budgets worldwide.
ThyssenKrupp retains 51% of the shares and thus control, while the rest is freely tradable. Analysts praise the company's strong market position, but warn that shipbuilding is not a quick business - approvals, international contracts and long construction times require patience.
Nevertheless, the environment could hardly be better. Europe is rearming, the demand for modern naval systems is growing - and TKMS is ready to sail in these waves.
