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Market capitalisation of €25 billion; €3.8 billion raised
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2nd listing on Euronext in 2026
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World’s largest defence IPO ever recorded
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Strengthening Europe’s strategic autonomy through capital markets
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Supported by Euronext’s initiatives to enhance financing and visibility for European aerospace and defence companies
Euronext today congratulates Czechoslovak Group (“CSG”), a leading defence group based in Prague, on its listing on Euronext Amsterdam (ticker code: CSG). The listing of CSG underscores the growing role of European capital markets in supporting strategic industries that contribute to Europe’s long-term autonomy and security. It is the 2nd listing on Euronext in 2026 and the world’s largest defence IPO ever recorded, both in terms of amount raised and market capitalization.
CSG is one of Europe’s leading defence companies and a critical long-term supplier to NATO states and partners. It is the second largest medium- and large-calibre ammunition producer in Europe and the largest small-calibre ammunition producer globally. CSG sells its products to key long-term customers, ranging from government bodies to well-established companies in over 70 countries worldwide. Founded in the Czech Republic, the Group’s global footprint comprises 39 manufacturing facilities based in the Czech Republic, India, Italy, Serbia, Slovakia, Spain, the United Kingdom and the United States.
The admission and issue price of CSG shares was set at €25 per share. Market capitalisation was €25 billion. The Initial Public Offering (IPO) raised a total of €3.8 billion (assuming full exercise of the Over-Allotment Option).
Michal Strnad, Chairman, Chairman of CSG, said: “Today marks a historic milestone for CSG as we join the Euronext Amsterdam market and we welcome the confidence shown in us by investors. Our successful listing is a testament to the hard work, dedication and ingenuity of our people, and to the trust our customers and partners place in us. Becoming a publicly listed company demonstrates our commitment to high standards of transparency, disclosure and corporate governance and strengthens our ability to invest in innovation, expand our global reach and deliver on our mission to be a critical long-term supplier of advanced defence and industrial solutions to NATO states and Government partners worldwide. We are proud of the combination of our Czech industrial heritage and our global manufacturing footprint, and we look forward to creating long term value for all our stakeholders in the years ahead.”
The listing of CSG highlights the importance of Euronext’s initiatives to improve access to financing for European aerospace and defence companies. As Europe’s leading capital markets infrastructure, Euronext plays a vital role in connecting the financing needs of strategic industries with increasing investor interest across European markets. Through dedicated measures such as the A&D Funding Days, the European Defence Bond Label, the IPOready Defence programme and the European A&D Growth Hub powered by ELITE, Euronext continues to deliver tailored solutions that strengthen Europe’s strategic autonomy and competitiveness. Learn more about Euronext’s initiatives to enhance financing and visibility for European aerospace and defence companies.
Caption: Michal Strnad, Chairman of the Czechoslovak Group, and his team sounded the Gong during a ceremony this morning to celebrate the IPO of CSG.
