Thyssenkrupp Naval-Defense Spinoff's Shares Jump in Market Debut

Dow Jones

2025/10/20

By Aimee Look

Shares in Thyssenkrupp's naval-defense business TKMS surged shortly after they started trading on the Frankfurt Stock Exchange at a valuation of around $4.4 billion.

TKMS shares started trading at 60 euros apiece, giving the business a market capitalization of about 3.81 billion euros ($4.44 billion), based on share-count data provided by Deutsche Boerse. Shares quickly jumped above that level, rising as high as 83.99 euros in early exchanges in Europe.

Neither Thyssenkrupp nor TKMS had previously set out an expected valuation for the business, but analysts at Citi had estimated it could be valued at about 3.4 billion euros.

Shares in Thyssenkrupp, which previously said it would retain a 51% stake in TKMS, dropped 23% compared with Friday's close, when it still had full ownership in TKMS.

Write to Aimee Look at aimee.look@wsj.com

(END) Dow Jones Newswires

October 20, 2025 03:43 ET (07:43 GMT)

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Shares quickly jumped above that level, rising as high as 83.99 euros in early exchanges in Europe. \n</p>\n<p>\n  Neither Thyssenkrupp nor TKMS had previously set out an expected valuation for the business, but analysts at Citi had estimated it could be valued at about 3.4 billion euros. \n</p>\n<p>\n  Shares in Thyssenkrupp, which previously said it would retain a 51% stake in TKMS, dropped 23% compared with Friday's close, when it still had full ownership in TKMS. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Aimee Look at aimee.look@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 20, 2025 03:43 ET (07:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TKAMY","symbol_name":"ThyssenKrupp AG","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2576836801","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2576836801","pubTimestamp":1760946180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares in Thyssenkrupp's naval-defense business TKMS surged shortly after they started trading on the Frankfurt Stock Exchange at a valuation of around $4.4 billion.TKMS shares started trading at 60 euros apiece, giving the business a market capitalization of about 3.81 billion euros , based on share-count data provided by Deutsche Boerse. 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Shares quickly jumped above that level, rising as high as 83.99 euros in early exchanges in Europe. \n\n\n  Neither Thyssenkrupp nor TKMS had previously set out an expected valuation for the business, but analysts at Citi had estimated it could be valued at about 3.4 billion euros. \n\n\n  Shares in Thyssenkrupp, which previously said it would retain a 51% stake in TKMS, dropped 23% compared with Friday's close, when it still had full ownership in TKMS. \n\n\n \n\n\n  Write to Aimee Look at aimee.look@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 20, 2025 03:43 ET (07:43 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}