Defense Firm Vincorion Plans Frankfurt IPO as Sales Rise

German defense technology company Vincorion is planning to list in Frankfurt, looking to tap investor appetite for defense stocks in an increasingly unstable world.

Private equity firm Star Capital, which owns the maker of power and drive systems for military equipment, will sell shares in the initial public offering in the first half of this year, according to a statement on Friday. Cornerstone investments of about €105 million ($122 million) have been lined up from Fidelity International, Invesco Asset Management Ltd. and T. Rowe Price Associates Inc.