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TKMS Debuts on Frankfurt Stock Exchange Amid Defense Demand Surge

10/20/2025

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Summary

Story summary

TKMS, a warship builder, debuted on the Frankfurt stock exchange on October 20, 2025, with shares trading at 81 euros, valuing the company at over 5 billion euros.
The spin-off from Thyssenkrupp aims to meet rising defense asset demand following Russia's invasion of Ukraine, resulting in an order backlog of 18.6 billion euros.
Thyssenkrupp retains a 51% stake in TKMS, and CEO Miguel Lopez confirmed ongoing discussions to sell Thyssenkrupp's steel division to India's Jindal Steel International.

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Story summary

TKMS, a warship builder, debuted on the Frankfurt stock exchange on October 20, 2025, with shares trading at 81 euros, valuing the company at over 5 billion euros.
The spin-off from Thyssenkrupp aims to meet rising defense asset demand following Russia's invasion of Ukraine, resulting in an order backlog of 18.6 billion euros.
Thyssenkrupp retains a 51% stake in TKMS, and CEO Miguel Lopez confirmed ongoing discussions to sell Thyssenkrupp's steel division to India's Jindal Steel International.