Huge krill interest: $225m private placement oversubscribed several times

News
341

Pot filled for Aker BioMarine.

Last Friday it was announced that Aker will take its subsidiary Aker BioMarine back on the stock exchange and complete a 225 million IPO.

On Thursday morning, Aker announced that Aker Biomarine has obtained a gross proceeds of approximately USD 225 million through the issue of over 18 million shares.

The issue attracted interest from what Aker refers to as “high-quality investors”, and the book was oversubscribed many times.

Aker BioMarine operates the capture and processing of krill, which among other things goes to fish feed. Among the company’s largest customers is feed giant BioMar.