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

Dow Jones

Oct 20, 2025

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)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2576836801"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2576836801\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2576836801?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-20 15:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2576836801","market":"other","top_or_hot":-1,"title":"Thyssenkrupp Naval-Defense Spinoff's Shares Jump in Market Debut","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Aimee Look \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  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. \n</p>\n<p>\n  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. \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>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Thyssenkrupp Naval-Defense Spinoff's Shares Jump in Market Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThyssenkrupp Naval-Defense Spinoff's Shares Jump in Market Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-20 15:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Aimee Look \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  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. \n</p>\n<p>\n  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. \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. 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.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TKAMY":"ThyssenKrupp AG","BK4006":"钢铁"},"translate_title":"蒂森克虏伯海军国防分拆公司股价首次上市上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TKAMY":0.9},"content_text":"By Aimee Look \n\n\n \n\n\n  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. \n\n\n  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. \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"}}}