Czechoslovak Group went public on Euronext Amsterdam on January 23, 2026. The shares of the defence company were placed at 25 euros per share, which corresponds to a market capitalization of 25 billion euros. As part of the IPO, the company raised a total of EUR 3.8 billion, assuming full exercise of the over-allotment option.
According to Euronext, this is the world's largest ever IPO of a defence company, both in terms of issue volume and market capitalization. It is also the second IPO on Euronext in 2026. CSG is one of Europe's leading defense companies and a major supplier to NATO countries and their partners.
Among other things, CSG produces medium and large-caliber ammunition and is the world's largest manufacturer of small-caliber ammunition. The Group supplies government and industrial customers in more than 70 countries and operates 39 production sites in Europe, the USA and India.
