Shares of tank supplier Renk on the stock exchange for the first time. An industry giant took advantage of the IPO to join the Augsburg company.
Renk originally wanted to go public last fall. But in October the company canceled the IPO at short notice due to unfavorable market conditions. The first price for the shares of the tank gear manufacturer was 17.50 euros, as reported by Deutsche Börse. The company experienced a boom due to the armaments boom following the war in Ukraine.