Czech Defense Giant Targets Historic Market Debut in Amsterdam

Amsterdam, Tuesday, 20 January 2026.
Czechoslovak Group (CSG) is set to execute the largest initial public offering in the history of the defense sector this Friday on Euronext Amsterdam. Seeking a valuation of €25 billion, the firm—solely owned by 33-year-old Michal Strnad—aims to raise €2.55 billion to fuel international expansion. This record-breaking listing underscores a pivotal shift in capital markets, driven by the war in Ukraine and rising global instability, which have pushed European defense stocks to all-time highs. The offering has already secured €900 million in cornerstone commitments from major institutional investors, including BlackRock and the Qatar Investment Authority, validating the sector’s robust long-term growth trajectory.