Antenna Maker Smag Sinks in Debut as Defense Stock Appetite Ebbs

Smag Mobile Antenna Masts AG shares tumbled as much as 33% below the initial public offering price in their German trading debut, marking the latest sign of waning demand for...

By Fabrice Obrist, Charles Capel · Bloomberg Markets

Smag Mobile Antenna Masts AG shares tumbled as much as 33% below the initial public offering price in their German trading debut, marking the latest sign of waning demand for defense stocks in Europe.