Renk: Tank supplier goes public. The mood of investors is significantly better than in October.
“Leopard 2’ producer KNDS in particular struck. The financial investor Triton placed 33.3 million Renk shares for 500 million euros with institutional investors within just two days. The first price for the shares was recorded in Frankfurt at 17.50 euros, which is 17 percent more than the issue price of 15 euros. Renk is valued at 1.75 billion euros at the first price.