ABG Sundal Collier acted as Joint Global Coordinator and Joint Bookrunner in the NOK 875 million IPO of Edda Wind on Oslo Børs

Edda Wind ASA (“Edda Wind” or “the Company”) announced on Wednesday 24 November 2021 the successful completion of its initial public offering (“IPO”) on Oslo Børs. The transaction comprised 28,601,626 shares issued at a price of NOK 30.75 per share, equating to a total primary of NOK 875 million. The transaction implies a post-money market capitalisation of approximately NOK 1.9 billion excluding the over-allotment option. The net proceeds from the IPO will primarily be used to finance the Company’s current newbuilding programme as well as facilitate for accelerated growth. The IPO attracted strong interest from high quality Nordic and international institutional investors and was multiple times oversubscribed. Østensjø Rederi and Wilhelmsen will retain a majority ownership in the Company following the transaction.
Edda Wind is a leading pure play offshore wind service company that develops, builds, owns, and operates purpose-built Service Operation Vessels (“SOV”) and Commissioning Service Operation Vessels (“CSOV”) for offshore wind farms worldwide. The Company is creating the next generation of offshore wind service vessels and works closely with partners to develop new technologies to reduce emissions without compromising operational capabilities or cost competitiveness. As of today, Edda Wind owns and operates two purpose-built offshore wind SOVs and has six dedicated offshore wind vessels under construction – two offshore wind SOVs and four offshore wind CSOVs – with delivery from 2022. All newbuild vessels are prepared for zero-emission utilising liquid organic hydrogen carrier as an energy source.
The shares in Edda Wind will commence trading on Oslo Børs on 26 November 2021 under the ticker code EWIND.