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Story summary
- Vincorion surged up to 17.2% on its Frankfurt debut on March 20 after an oversubscribed initial public offering (IPO) that sold only existing shares by investor Star Capital.
- Kajetan von Mentzingen, chief executive officer of Vincorion, said the company does not need additional funds for growth.
- The IPO shows strong investor interest in defense stocks amid rising military spending and global geopolitical tensions, with an oversubscribed order book signaling demand.
