ABGSC acted as joint global coordinator and joint bookrunner in the NOK 1.5 billion IPO of SATS ASA.

SATS announced on Wednesday 23 October 2019 the completion of its initial public offering (the “IPO”) with trading on Oslo Børs commencing the same day. The shares in the IPO were priced at NOK 23.50 per share, equivalent to a market capitalization of approximately NOK 4 billion.
SATS issued approximately 57.7 million new shares in conjunction with the IPO, raising gross proceeds of approximately NOK 1.4 billion. In addition, the Joint Global Coordinators over-allotted approximately 5.8 million shares in the IPO, representing approximately 10% of the base deal.