German Drone Firm Quantum Systems Plans IPO as Early as 2027
IPO Plans and Timeline
BERLIN, Feb 19 (Reuters) - German drone maker Quantum Systems is preparing for an initial public offering and a listing could take place by early 2027, Manager Magazin reported on Thursday, citing unnamed sources.
Mandate to Morgan Stanley
Financing Round Details
Separately, management has mandated Morgan Stanley to run a fresh financing round worth 400 million to 600 million euros ($470-710 million), the business publication said.
Company Response
A Quantum spokesperson declined to comment on the report, adding that the company generally does not comment on financing rounds and "related speculation".
Exchange Rate Note
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Reporting and Editing Credits
(Reporting by Thomas Seythal and Hakan Ersen, editing by Ludwig Burger)
