Finnish Defense Technology Duo Are Said to Weigh Helsinki IPOs

Two Finnish defense technology providers are putting together plans to go public, looking to tap equity markets as Europe ramps up military spending.

Savox Communications Oy AB, a provider of tactical communication systems, and Varjo Technologies Oy, a supplier of virtual reality equipment for military training backed by Nvidia Corp., have been sounding out investors in preparation for potential initial public offerings in Helsinki, according to people familiar with the matter.