Exosens Rises in Paris Debut on Strong Demand for Defense Stocks
- Night-vision technology firm lists amid revival in Europe
- Company will use the proceeds to cut debt, make acquisitions
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French night-vision technology firm Exosens SAS rose in its Paris debut, following an initial public offering which tapped growing investor demand for companies that are benefiting from increased spending on defense.
Shares in Exosens opened at €24, up 20% from the offer price of €20. Its market capitalization was over €1.2 billion ($1.3 billion) based on the IPO price.