CSG, a Netherlands-Based Defense Contractor, Announces IPO Plans in Amsterdam

CSG, a leading provider of advanced defense systems and secure communications solutions in Europe, has officially confirmed its intention to launch an initial public offering (IPO) on Euronext Amsterdam. The company aims to list under the ticker symbol 'CSG' and target a market capitalization of approximately €4.2 billion at the time of the offering. The IPO is expected to debut in the second quarter of 2026, following regulatory approvals and market readiness assessments. The capital raised from the €850 million offering will be deployed toward expanding CSG’s R&D capabilities, particularly in artificial intelligence-driven surveillance systems and next-generation cybersecurity platforms. The company also plans to invest in manufacturing upgrades across its facilities in Eindhoven and Enschede, with a goal of increasing production capacity by 40% within three years. CSG reported €382 million in revenue for the fiscal year 2024, reflecting a 12% year-on-year growth, driven by contracts with the Dutch Ministry of Defense and NATO partner nations. Investors are expected to be drawn by CSG’s strong order backlog of €1.1 billion, backed by long-term agreements with governmental and military clients. The IPO will include a 15% share placement for institutional investors and a 5% allocation for retail investors, as part of Amsterdam’s efforts to broaden equity market participation. The transaction is being advised by ING Investment Banking and Morgan Stanley, with Dutch financial regulators overseeing compliance with MiFID II and EU sustainability disclosure standards.