ABG Sundal Collier acted as joint bookrunner in the NOK 8,855m IPO of Vår Energi

Vår Energi ASA (“Vår Energi”), the leading independent upstream oil and gas company in Norway, announced on 15 February 2022 the successful completion of an initial public offering on Oslo Børs (the “IPO”). The IPO was substantially oversubscribed as it attracted strong interest from institutional investors in Europe, the US and Asia, as well as from the general public in the Nordic region and employees of Vår Energi. The total transaction size (including the over-allotment option) was approximately NOK 8.9 billion. The offer price of NOK 28 per share further implied a post-money market capitalisation of around NOK 69.9 billion, effectively placing Vår Energi amongst the top 15 largest companies on Oslo Børs. The company attracted 19,000 new shareholders.
ABG Sundal Collier’s participation in this landmark transaction is a testament to our firm’s strong, market leading position and track record as an entrusted advisor and partner for leading Nordic companies when undertaking mission critical transactions.