Star Capital saw strong investor demand materialise in the IPO of Vincorion, as shares in the German defence technology company jumped around 13.5% on their Frankfurt market debut, Reuters reported.

The stock opened at €19.30, above the €17 offer price, valuing the business at approximately €980m ($1.13bn), following a multiple-times oversubscribed offering.

The IPO allowed Star Capital, a major shareholder, to sell up to 20.3 million shares, generating proceeds of around €345m, marking a significant liquidity event for the private equity firm.

The transaction comes amid increasing investor appetite for defence assets, driven by rising military spending and geopolitical uncertainty.

Cornerstone investors including Fidelity, Invesco, and T. Rowe Price supported the offering, committing to purchase roughly one-third of the shares.

The listing is part of a broader pipeline of European defence IPOs, as companies in the sector seek to capitalise on favourable market conditions and strong demand.

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