KNDS Selects Lazard to Ready IPO for Franco-German Tankmaker
A Leopard tank at the KNDS stand during a defense exhibition in Brno, Czech Republic.
Photographer: Milan Jaros/BloombergKNDS NV has selected an adviser for a potential initial public offering of the Franco-German tankmaker amid surging demand for defence stocks and an improving market for listings.
The Amsterdam-based company said it has chosen Lazard Inc. to advise on an IPO after a competitive pitching process. The selection “is a normal step in the potential IPO readiness project launched at the request of the group board of directors,” KNDS said in response to a Bloomberg inquiry.