UPDATE 1-German drone maker Quantum Systems preparing for IPO, Manager Magazin reports

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Adds Quantum spokesperson comment

- German drone maker Quantum Systems is preparing for an initial public offering and a listing could take place by early 2027, Manager Magazin reported on Thursday, citing unnamed sources.

Separately, management has mandated Morgan Stanley MS.N to run a fresh financing round worth 400 million to 600 million euros ($470-710 million), the business publication said.

A Quantum spokesperson declined to comment on the report, adding that the company generally does not comment on financing rounds and "related speculation".

($1 = 0.8480 euros)