Defense Firm Vincorion Said to Eye IPO Soon as This Quarter

Star Capital is considering holding German defense technology firm Vincorion’s initial public offering in Frankfurt as soon as the first quarter of this year, according to people familiar with the matter.

The IPO could raise as much as €300 million ($354 million) and value the company at about €1.5 billion, the people said, asking not to be identified as the information is private. Star Capital picked UniCredit SpA and Commerzbank AG to join the group of banks helping to arrange the offering, people said.