Finnish defense technology group Sensofusion announced plans for an initial public offering in Helsinki aiming to raise $344 million. The company said it wants to capitalize on heightened investor enthusiasm for drone-related businesses. The IPO would value the counter-drone technology specialist at a significant premium, reflecting growing defense sector interest across Europe. Sensofusion develops radio frequency sensors and jamming systems designed to detect and neutralize unauthorized drones, serving military and critical infrastructure clients.

The offering comes as European nations increase defense spending amid geopolitical tensions, driving demand for airspace security solutions. Proceeds would fund product development and international expansion. The company did not specify a timeline for the listing but confirmed engagement with advisors for the Helsinki exchange debut.