French-German defence company KNDS, known for producing Leopard and Leclerc battle tanks, announces plans to launch an initial public offering (IPO) in the coming weeks. The company says it intends to list shares in both Paris and Frankfurt, positioning the sale against a backdrop of European efforts to expand and replenish military capabilities. Reporting across outlets indicates the IPO could be structured to raise new capital while also offering existing investors a way to realise value. One outlet notes that market expectations put KNDS’s potential valuation at up to €15 billion, though specific pricing, the final size of the offering, and the exact timetable are not confirmed in the provided summaries. The decision to pursue listings in both financial centres suggests KNDS is seeking broad investor participation across Europe. Overall, the announcements focus on the listing venue and near-term timing, with valuation estimates reflecting market forecasts rather than final results. Further details, including offer size and regulatory filing information, are expected as the IPO approaches.