Vincorion Sets €17 IPO Price, Valuation Nears $1 Billion

German defense and mission‑critical power systems manufacturer Vincorion has set the price for its planned initial public offering at €17 per share as it prepares to list on the Frankfurt Stock Exchange. The company intends to offer shares worth up to €345 million, implying a valuation approaching $1 billion at the offer price.

The bookbuilding period for the IPO is expected to begin on March 16. Shares being offered will largely come from existing shareholder Star Capital, the private equity firm that acquired the company in 2022 and is expected to retain a significant stake following the listing.

Vincorion develops power generation and mechatronic systems used in defense and aviation platforms, supplying components such as generators, electric motors and power management systems. The company’s products are widely used in military vehicles, aircraft and other mission‑critical applications, particularly across NATO markets.

The listing comes as investor interest in European defense companies increases alongside rising defense spending across the region. Vincorion reported revenue of around €240 million in 2025, supported by a solid order backlog that the company expects to support further growth in the coming years.