Czechoslovak Group completes record defence IPO in Amsterdam as shares surge during first day of trading
The Czech defence firm raised 3.8 billion euros at a 33 billion euro valuation. Shares surged over 31 percent on the first day of trading in the Netherlands.
Insights:
Czechoslovak Group shares surged 31.4 percent on their first trading day on the Amsterdam stock exchange in the Netherlands 
NL, closing at 32.85 euros after being priced at 25 euros per share. The initial public offering raised up to 3.8 billion euros, including the over-allotment option, representing the largest listing in Amsterdam since 2006 when KKR Private Equity Investors raised 5 billion dollars. This record fundraising for a defence company occurred amid a structural surge in European military spending commitments following the invasion of Ukraine 
UAby Russia 
RU.
NL, closing at 32.85 euros after being priced at 25 euros per share. The initial public offering raised up to 3.8 billion euros, including the over-allotment option, representing the largest listing in Amsterdam since 2006 when KKR Private Equity Investors raised 5 billion dollars. This record fundraising for a defence company occurred amid a structural surge in European military spending commitments following the invasion of Ukraine UAby Russia RU.
