ABG Sundal Collier acted as Joint Global Coordinator and Joint Bookrunner in the NOK 564m IPO for DOF Group ASA on the Oslo Stock Exchange

On 20 June 2023, DOF Group ASA (“DOF Group” or the “Company”) announced that it had successfully completed its IPO on the Oslo Stock Exchange. The transaction comprised of 13,994,464 new ordinary shares, and sell-down from existing shareholders of 995,203 ordinary shares and 3,316,287 B-shares, in addition to an over-allotment option exercised in full of 1,830,595 shares. This implies a total transaction size of NOK 564 million and a post-money market capitalisation of the Company of around NOK 4,900 million.
The transaction attracted substantial demand from both Norwegian and international high-quality institutional investors and was multiple times oversubscribed, with Geveran Trading Co., Ltd acting as a cornerstone investor. Through the offering, DOF Group welcomes approximately 3,900 new individual shareholders to its shareholder base.
The transaction marks the re-entry of the Company to the Oslo Stock Exchange, which was listed from 1997 and until completion of the restructuring in March 2023.
Trading of the ordinary shares of DOF Group on the Oslo Stock Exchange will commence on 22 June 2023 under the ticker DOFG. The B-shares not sold in the offering will be converted to ordinary shares and will be tradeable after 2 October 2023.