€15 million BioFish IPO successfully completed

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Smolt farmer ready for Oslo Stock Exchange.

The private placement is now closed. BioFish received what it asked for: EUR 15 million in new equity.

“The company is pleased to announce that the IPO has been successfully placed. The private placement consisted of 7 million new shares at a subscription price of NOK 21.50 per share raising gross proceeds for the company of NOK 150.5 million (EUR 15 million .ed),” BioFish wrote in a stock exchange announcement on Friday.

The funds will be used to finance the company’s smolt facility, as well as strengthen working capital and strengthen the balance sheet.