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OverviewAPI
Renk, a German tank gear manufacturer, has raised its IPO to 500 million euros, with KNDS acquiring 100 million euros worth of shares, granting them the right to increase their stake to 25%. The market value of Renk at the start of trading in Frankfurt is set at 1.5 billion euros. The IPO is open to professional investors only, with advisors including Citigroup, Deutsche Bank, Goldman Sachs, and JPMorgan.

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