ABG Sundal Collier acted as Joint Bookrunner in the NOK 3.5 billion IPO of Elopak

On Wednesday 16 June 2021, Elopak ASA (“Elopak” or “the Company”), announced the successful IPO on Oslo Børs in a transaction comprising around 123 million shares at a price of NOK 28.00, equating a total transaction size of NOK 3,451 million. The Offer Price implies a post-money market capitalisation of around NOK 7.5 billion.
The IPO comprised a primary offering raising gross proceeds to the Company of approximately NOK 500 million, which will be used to invest in the future growth of the Company as well as to optimise its capital structure. In addition, Ferd AS (“Ferd”) sold shares for approximately NOK 2,500 million in the transaction. Ferd will remain the Company’s largest shareholders after the IPO, with approximately 59% ownership prior to exercise of the greenshoe option.
The trading of the shares in Elopak on Oslo Børs commenced on 17 June 2021.