ABGSC acted as Joint Global Coordinator and Joint Bookrunner in the NOK 1.3 billion IPO of Norske Skog ASA.

Norske Skog ASA (”Norske Skog”) announced on Wednesday 16 October the successful completion of its initial public offering (the “IPO”) with trading on Oslo Børs commencing on Friday 18 October. The IPO consisted of the sale of 30,000,000 shares sold by Oceanwood in a base deal and 4,500,000 shares over-allotted (15% of the base deal). Oceanwood will retain a 63.6% ownership post IPO falling to 58.2% on a full exercise of the over-allotment option.
The price in the IPO was set at NOK 38.00 per share, corresponding to a market value of Norske Skog of approximately NOK 3.1 billion with 82,500,000 shares outstanding.
The IPO attracted strong interest from domestic and international institutional investors, as well as retail subscribers – Norske Skog will have more than 1,200 shareholders following the IPO.