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AMS:CSG 23 January 2026 - 6 February 2026

Europe IPOs today: CSG edges up, Rising Stone opens books, and Frankfurt’s next big float takes shape

Europe IPOs today: CSG edges up, Rising Stone opens books, and Frankfurt’s next big float takes shape

CSG shares rose 1.4% to 30.88 euros Friday after the defence group expanded its board and named its first investor-relations chief. The company’s Excalibur Army unit secured over $300 million in Southeast Asian contracts for Patriot armoured vehicles. Rising Stone’s Paris IPO opened for subscriptions, while TK Elevator’s owners picked banks for a possible Frankfurt listing. Europe’s IPO calendar remains thin.
6 February 2026
Record defence IPO: Czech arms group CSG jumps as much as 32% in Amsterdam debut

Record defence IPO: Czech arms group CSG jumps as much as 32% in Amsterdam debut

Czechoslovak Group (CSG) shares jumped as much as 32% in their Amsterdam debut after pricing at 25 euros, following a record 3.3 billion euro IPO. The offering valued CSG at 25 billion euros and could reach 3.8 billion euros if the over-allotment is used. By 0812 GMT, shares traded at 30.235 euros, up 20.9%. BlackRock, Artisan Partners, and Al-Rayyan Holdings each committed 300 million euros as cornerstone investors.

Stock Market Today

  • Walmart Shares Drop 7.2% After Profit Guidance Highlights Margin Pressure
    May 21, 2026, 5:16 PM EDT. Walmart shares fell 7.22% to $121.32 on Thursday following cautious profit guidance that emphasized margin pressure from rising fuel costs and weak consumer demand. Despite solid Q1 results with revenue and earnings per share roughly meeting expectations, investors are concerned about future margins. The company reported 7% revenue growth, a 26% rise in e-commerce sales and a 17% increase in membership fee revenue. Trading volume surged to 52 million shares, over double the three-month average. Meanwhile, the S&P 500 edged up 0.18%, and the Nasdaq gained 0.09%. Competitors Costco and Dollar General showed mixed performances. Analysts suggest Walmart's sell-off reflects high prior valuation, as its enterprise value to EBITDA ratio doubled year-over-year, rather than fundamental weakness.

Latest articles

Dow Jones Just Hit a Record Close — IBM, Oil and Iran Talks Drove the Move

Dow Jones Just Hit a Record Close — IBM, Oil and Iran Talks Drove the Move

21 May 2026
The Dow closed at a record 50,285.66, up 276.31 points. IBM surged 12.4% after a proposed $1 billion U.S. quantum-computing award, while Nvidia fell 1.8% despite strong results. Oil prices dropped, with Brent settling at $102.58 a barrel, as U.S.-Iran talks influenced trading. Walmart slid 7.3% after warning on consumer spending.
Dow Sets New High as Oil, Nvidia Unsettle Wall Street

Dow Sets New High as Oil, Nvidia Unsettle Wall Street

21 May 2026
The Dow Jones closed at a record 50,285.66 on Thursday, lifted by a 12.5% jump in IBM after it secured $1 billion in federal funding for a quantum-chip venture. Brent crude fell 2.3% to $102.58 a barrel, easing inflation concerns. Nvidia dropped 1.8% despite strong earnings, while Ralph Lauren rose 13.9% and Walmart slid 7.3% on profit news. U.S. jobless claims fell to 209,000 last week.
BlackBerry Stock Jumps as U.S. Security Win Fuels Its Software Comeback

BlackBerry Stock Jumps as U.S. Security Win Fuels Its Software Comeback

21 May 2026
BlackBerry’s Toronto shares closed up 7.9% after its AtHoc crisis-communications platform received renewed U.S. government cloud-security certification. Executives highlighted growth prospects for the QNX embedded-software unit at a CIBC investor conference. The U.S.-listed stock rose about 7.5%. Management cited recent cost cuts and a move to positive cash flow.
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