Leonardo Says IPO For North American Business Possible
Tuesday, November 10, 2020 | Comments

Leonardo said that it is evaluating the possibility of an initial public offering (IPO) for Leonardo DRS, its North American wing, but has made no decisions yet.

“With regards to today’s rumors, Leonardo informs that, as usual, it constantly evaluates options aimed at creating value for its shareholders, including the possibility of listing Leonardo DRS,” the company said in a statement. “However, no formal decision has been taken on this matter.”

Leonardo released the statement following an article from Bloomberg that suggested the possibility of an IPO.

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