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Tank maker KNDS postpones IPO amid market struggles for defense
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- Tankmaker KNDS has postponed its highly anticipated public listing until market conditions improve, following a slump in defense stocks in recent months.
- Shareholders of the Amsterdam-based company have decided that the IPO process will resume "upon the return of more favorable market conditions," KNDS said in a statement late Wednesday.
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Tankmaker KNDS has postponed its highly anticipated public listing until market conditions improve, following a slump in defense stocks in recent months.
Shareholders of the Amsterdam-based company have decided that the IPO process will resume "upon the return of more favorable market conditions," KNDS said in a statement late Wednesday. This comes "In light of current market volatility for the European Defense sector," it said.
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