Salmones Camanchaca reborn in Oslo after IPO success

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The initial public offering of Chilean fish-farmer Salmones Camanchaca on the Oslo Stock Exchange has gotten off to a flying start, with investors committing to “the maximum number” of shares in the company’s hoped-for range.

DNB Markets is understood to have informed its Oslo-bound client that its fund-raising drive that started with a EUR 45.7 million stock offer in Santiago by parent company, Camanchaca, has now raised upwards of EUR 46.6 million via the strength of investors in Oslo and “depository receipts” on shares sold in Santiago.

Read Camanchaca to raise EUR46 million ahead of Oslo IPO 

The company said this week that a pricing interval of between 38.5 kroner and 48 kroner per share (EUR 3.99 and EUR 4.98) was being sought.

The success of the drive creates a new, Oslo-listed salmon grower valued tentatively at between 2.2 billion and 2.7 billion kroner (EUR 228 million EUR 280 million).