Atlantic Sapphire wraps up $100m private placement in two and a half hours

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Land-based salmon farmer raised new equity.

It was just after the close of trading, at 1630 CET on Wednesday, that it became known that Atlantic Sapphire would raise 100 million dollars in new equity. The investment banks DNB Markets and Arctic Securities were put to work raising the money for the land-based fish farming company.

At 1900 CET on Wednesday, Atlantic Sapphires’ CEO and founder Johan E. Andreassen announced on Twitter that the books are closed.

This means that the share issue is fully subscribed, and that the company has secured USD 100 million in new equity.

The private placement was carried out through a so-called bookbuilding process, which means that the subscription price becomes known after all subscriptions have been registered.