CSG Sounds Out Investors for €3 Billion IPO as Soon as January

Armored vehicle and munitions maker Czechoslovak Group AS is in preliminary talks with a select group of prospective investors as it considers going public in early 2026, in what could be Europe’s first sizable initial public offering of the new year.

CSG could start formally marketing an IPO in Amsterdam as early as January, said the people, who asking not to be identified discussing private information. That timing would allow them to use third-quarter financial results before they go stale, one of the people said.

The timing remains fluid, details of the offering could change, and CSG may decide to ...