Norsk Sjømat postpones IPO process

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Down to “increasing turbulence of financial markets within the seafood sector”.

In a stock exchange announcement, the Norwegian processor of salmon and trout Norsk Sjømat writes that its board of directors has decided to postpone the IPO process and listing on the Oslo Stock Exchange.

Norway’s second-largest white fish harvester wanted to chase at least EUR 180 million in the IPO.

“While Norsk Sjømat has received highly positive feedback related to its business case as well as solid demand from domestic and international institutions, the increasing turbulence of the financial markets, especially within the seafood sector, means that investors have become increasingly cautious,” wrote Norsk Sjømat.

The company’s board of directors would not provide any further comments apart from that it would resume the IPO process in the future.