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BW Pacific aims to raise at least $250m from Oslo IPO
BW Pacific is aiming to raise at least $250m as it launches its initial public offering (IPO) on the Oslo Stock Exchange.
1 Min Read
Kalyakan - stock.adobe.com
The company said the offering was expected to be priced at between NOK44 and NOK50 per share, which gives it an equity value of NOK6.87bn - NOK7.52bn($813m - $889.3m).
BW Pacific is expected to be listed on the Oslo Stock Exchange and commence trading on 13 November.
The IPO comprises the issuing of up to 48,693,182 new shares to raised a fixed amount of NOK2.14bn ($250m), and up to 9,738,636 existing common shares.
DNB Markets is granted an over-allotment option equivalent of up to 15% of the shares issued.
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