KNDS postpones its planned initial public offering after a slide in defense stocks and weak investor demand, the Amsterdam-based company says.Shareholders had been preparing a dual listing in Paris and Frankfurt and sought a valuation above €12B ($13.7B) while planning staged sales by the French state and the German Bode-Wegmann family.The delay follows a more than 20% drop at
Rheinmetall after a canceled naval contract and advice from 13 banks to pause;
KNDS declines further comment and will resume the process when markets stabilize.