ABG Sundal Collier acted as Joint Global Coordinator and Joint Bookrunner in connection with the NOK 1.2 billion IPO of General Oceans ASA on Euronext Oslo Børs

General Oceans ASA (the “Company”) yesterday announced the successful completion of its initial public offering of shares on Euronext Oslo Børs (the “IPO”). The transaction was supported by strong demand from high-quality institutional investors as well as from the general public in Norway and Sweden. The transaction was more than 10 times oversubscribed, excluding shares pre-allocated to cornerstone investors. The offer price of NOK 21.00 per Offer Share implies a post-money market capitalisation of the Company of approximately NOK 4.0 billion. The transaction totalled NOK 1,208m, representing approximately 30% of the outstanding shares in the Company, and consisted of NOK 500 million in primary shares and NOK 550m in secondary shares and NOK 158m in over-allotted shares. Two cornerstone investors, DNB Asset Management and Folketrygdfondet, were allocated a total of NOK 400 million (NOK 200m each), representing approximately 33% of the shares offered in the IPO. The first day of trading in the Company’s shares on Euronext Oslo Børs is 26 March 2026.

General Oceans is a global provider of advanced underwater technology, delivering sensors, systems and robotic solutions used in demanding marine environments. The Group develops and supplies instrumentation technology for measuring and understanding the ocean and its dynamics, imaging and navigation systems, and remotely operated and autonomous vehicle solutions with associated manipulators and control systems. General Oceans delivered NOK 1,304 million in revenue in 2025, corresponding to a total revenue growth rate of 26%, with an Adj. EBITA margin of around 18%. The Company has throughout the period 2023-2025 delivered strong organic performance combined with acquisitive growth, which remains at the core of the Company’s growth strategy.

ABGSC is pleased to have supported General Oceans and its shareholders throughout the IPO process, following on from its role as adviser to the Company in the Ferd minority transaction in 2023, and extends the Company and shareholders its gratitude for the opportunity to act as Joint Global Coordinator and Joint Bookrunner in the IPO.