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Home Business Markets

Icelandic Salmon today admitted to trading

by The FINANCIAL
October 27, 2020
in Markets
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The FINANCIAL — The seafood company Icelandic Salmon has today been admitted to trading on Merkur Market (ticker code: ISLAX-ME).

Icelandic Salmon is the largest salmon farmer in Iceland. Recently, Ocean Sun raised NOK 647 million through a private placement, consisting of NOK 500 million in new shares and NOK 147 million through sale of existing shares. The placement attracted strong interest from high-quality institutional investors and was substantially oversubscribed, reported Icelandic Salmon.

Icelandic Salmon intends to use the net proceeds from the equity issue to fund growth and develop its value chain.  

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The shares in the offering were sold at NOK 115 per share, corresponding to an equity value of NOK 3.56 billion. 

Tags: EuronexticelandIcelandic SalmonMarketsMerkur MarketOcean Sunseafood companysharesstock exchangestock marketsstocks
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