TKMS Stock Skyrockets in Debut, Doubling Analyst Forecasts Amid Defense Boom
Thyssenkrupp Marine Systems shares surged on debut in Frankfurt, opening at €60 and closing at €81.10, valuing the company at over €5.15 billion—double analyst forecasts. The spin-off left Thyssenkrupp AG with a 51% stake and caused its own shares to fall 20%. TKMS’s order backlog reached €18.6 billion amid soaring European defense spending.