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Patriot Supplier Vincorion’s Shares Rise After German IPO

Vincorion SE Chief Executive Officer Kajetan von Mentzingen, right, during the company's listing at the Frankfurt Stock Exchange on March 20. — Vincorion SE Chief Executive Officer Kajetan von Mentzingen, right, during the company's listing at the Frankfurt Stock Exchange on March 20.
Photographer: Alex Kraus/Bloomberg

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By Nick Heubeck, Pablo Mayo Cerqueiro, and Julien Ponthus

March 20, 2026 at 8:25 AM UTC

Updated on

March 20, 2026 at 5:13 PM UTC

Vincorion SE’s shares rallied in their Frankfurt trading debut, as the German supplier of power systems for military vehicles joined Europe’s growing ranks of defense stocks.

Shares in Vincorion ended Friday up 10% from the offer price of €17 ($19.65) apiece. The company’s private equity backer Star Capital raised €300 million by selling 17.65 million shares in the initial public offering. The IPO valued Vincorion’s shares at €850 million.