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Antenna Maker Smag Sinks in Debut as Defense Stock Appetite Ebbs

Antenna Maker Smag Sinks in Debut as Defense Stock Appetite Ebbs
Bloomberg Markets Monday 13 July 2026, 08:29 UTC By Fabrice Obrist, Charles Capel 1 min read
Key Points

Antenna Maker Smag Sinks in Debut as Defense Stock Appetite Ebbs Smag Mobile Antenna Masts AG shares tumbled as much as 33% below the initial public offering price in their German trading debut, marking the latest sign of waning demand for defense stocks in Europe. The IPO raised €112.7 million ($128.75 million) for the Salzgitter, Germany-based military supplier and its private equity backer Aequita SE & Co., but showed signs of lower demand as it priced at the bottom end of the range.

Antenna Maker Smag Sinks in Debut as Defense Stock Appetite Ebbs Smag Mobile Antenna Masts AG shares tumbled as much as 33% below the initial public offering price in their German trading debut, marking the latest sign of waning demand for defense stocks in Europe. The IPO raised €112.7 million ($128.75 million) for the Salzgitter, Germany-based military supplier and its private equity backer Aequita SE & Co., but showed signs of lower demand as it priced at the bottom end of the range. [Image text:] DEUTSCHE BORSE
German (ORG) Europe (LOCATION) IPO (ORG) Salzgitter (LOCATION) Germany (LOCATION) Aequita SE & Co. (ORG)
Originally published by Bloomberg Markets Read original →

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