ThyssenKrupp and Materials Services IPO plan, sector peers frame the stock context

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-27, 14:47.

ThyssenKrupp (DE0007500001) remains in analyst focus with its plan to list the Materials Services unit on the stock market. The MDAX-listed group trades in Frankfurt, with the spin-off framed by a recent Bank of America stance on the shares as reported on June 26.

What the analyst update signals

Bank of America keeps a Buy rating on ThyssenKrupp ahead of the planned IPO of the Materials Services division, according to Marketscreener coverage from June 26. The note highlights the potential value crystallization from a separate listing of the distribution and service arm.

The analyst comment comes in a week where European industrial and steel shares show muted moves, with the MDAX closing slightly lower in Frankfurt on June 26. ThyssenKrupp thus trades in a sector where sentiment is cautious but not structurally weak.

Where the IPO plan stands

ThyssenKrupp has previously outlined that Materials Services will be separated and listed, with the unit positioned as a global materials distribution and services provider. The planned transaction is part of a broader restructuring, which also includes the marine systems business TKMS as a separate pillar.

Materials Services delivers logistics, warehousing and processing for steel, nonferrous metals and industrial materials across Europe, North America and Asia, making it one of ThyssenKrupp’s largest contributors by revenue. The IPO aim is to give the unit direct capital market access while reducing complexity at the group level.

The business behind the stock

ThyssenKrupp generates revenue from steel production, materials distribution, industrial components and marine systems, making it one of Germany’s diversified industrial groups. The Materials Services division, which is set for an IPO, handles the distribution, processing and logistics for metals and industrial materials.

Where the shares trade today

The ThyssenKrupp shares (DE0007500001) trade on Xetra at 10.39 euros as of 2026-06-26, 13:04, with the stock part of the MDAX and the STOXX Europe 600.

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. All data are based on sources cited in the text and may change over time.