Thyssenkrupp schedules tk accelis listing for ThyssenKrupp stock

Published on 10/23/2026 at 10:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The debut is set for October 28, 2026 with 51 percent retained. ThyssenKrupp stock costs EUR 13.70 on October 23, 2026 versus the EUR 13.66 Xetra close.

Structure and valuation checkpoints

Thyssenkrupp set October 28, 2026 for the tk accelis listing and a 20:1 share allocation.
JPMorgan raised its target from EUR 15.00 to EUR 17.00 on October 15, 2026 while keeping Neutral.
ThyssenKrupp stock trades at EUR 13.70 at 10:36 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.29 percent above the Xetra close of October 22, 2026.

Aquarellbild der Ruhrgebiet-Skyline mit Industrie und Fluss — thyssenkrupp AG (DE0007500001): Aquarellmalerei der Essener Skyline mit Fördertürmen entlang eines ruhigen Flusses, Illustration mit AI erstellt.

ThyssenKrupp stock costs EUR 13.70 at Lang & Schwarz on October 23, 2026, 0.29 percent above the Xetra close of October 22, 2026. The company is preparing the planned listing of its materials unit tk accelis on October 28, 2026, according to thyssenkrupp.

The listing has a fixed timetable

The tk accelis shares are scheduled for the Frankfurt Stock Exchange Prime Standard on October 28, 2026. Thyssenkrupp shareholders are due one tk accelis share for every 20 Thyssenkrupp shares, while the parent is set to retain 51 percent.

The allocation is scheduled for October 27, 2026, immediately before trading begins. The structure gives shareholders direct exposure to the materials business while keeping the unit consolidated through the parent company's majority holding.

What does the target increase change?

JPMorgan raised its ThyssenKrupp target from EUR 15.00 to EUR 17.00 on October 15, 2026 and kept its rating at Neutral, according to Boerse Online. The higher valuation mark therefore came with a cautious earnings view for European steel companies rather than a stronger rating.

Three dates reshape the valuation

On October 7, 2026, Jefferies raised its target from EUR 13.00 to EUR 16.50, as Boerse Global reported. On October 15, 2026, JPMorgan moved its target from EUR 15.00 to EUR 17.00, according to Boerse Online. On October 21, 2026, Thyssenkrupp announced the October 28 listing, the 20:1 allocation and its planned 51 percent stake through thyssenkrupp.

Which dates come next?

The next scheduled event is the tk accelis spin-off allocation on October 27, 2026, followed by the planned Frankfurt listing on October 28, 2026. The company has also scheduled its fiscal 2025/2026 annual report for December 8, 2026, according to Stock World.

Price stays below the higher targets

At EUR 13.70, the Lang & Schwarz quote remains below both the EUR 16.50 Jefferies target and the EUR 17.00 JPMorgan target. The current quote was trading at EUR 13.70 at Lang & Schwarz on October 23, 2026 at 10:36 a.m. CEST, 0.29 percent above the Xetra close of October 22, 2026 at EUR 13.66. The further course of trading is shown by the continuously updated real-time quote of ThyssenKrupp stock.