[https://www.bloomberg.com/news/articles/2026-01-23/csg-to-debut-after-largest-ever-defense-ipo-raises-3-3-billion](https://www.bloomberg.com/news/articles/2026-01-23/csg-to-debut-after-largest-ever-defense-ipo-raises-3-3-billion)
Armored vehicle and munitions maker Czechoslovak Group is set to start trading in Amsterdam on Friday morning, after the firm and its owner raised €3.3 billion ($3.9 billion) in an initial public offering.
The first-time share sale, which valued the Prague-based company at €25 billion, marks the largest-ever IPO globally for a pure-play defense firm. Shares were offered to investors at a fixed price of €25 apiece and order taking took place over just three days, a short timeframe for a deal of its size. Trading will start at 9 a.m. in Amsterdam.