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The Czechoslovak group CSG, based in Prague, is poised to make history in the defense sector with the launch of a record-breaking initial public offering (IPO). The operation, involving a 15.2% stake in the company, aims to raise 3.8 billion euros and achieve a market capitalization of 25 billion euros. This is one of the largest IPOs ever conducted in the global defense sector, as well as the most significant listing in Amsterdam since 2006. A Rapidly Rising Giant CSG is currently one of the fastest-growing defense companies in the world. The group manufactures ammunition, radar, and heavy equipment of various calibers, and in recent years has expanded its reach into the jet engine sector. The company is controlled by the young billionaire Michal Strnad, 33 years old, son of the founder who started in the 1990s by trading old Soviet-era military equipment. The growth of CSG has been driven by an increasingly strong demand for defense systems, fueled by international tensions and the conflict in Ukraine. The company announced its intention to go public just last week, accelerating the timeline compared to market norms. The Details of the Operation According to the prospectus, the price set for the offering is 25 euros per share. The IPO involves the issuance of 30 million new shares and the sale of up to 122 million existing shares, including those subject to the over-allotment option: a clause that allows for price stabilization of the securities if necessary. The majority of the shares for sale come from the direct divestment by Michal Strnad, who held 99.98% of the company before the transaction. If the over-allotment option is fully exercised, Strnad will still retain an 84.78% stake in the company, while the remainder will be distributed among new investors and some senior executives. Strong Demand…

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Filed under: News - @ January 20, 2026 2:26 pm