Norwegian solar developer Scatec Solar is set to reach a final pricing for its Oslo exchange IPO on Thursday as it aims to raise NOK500 million ($78.8 million) from the issuance of new shares.
In a press release issued by the Oslo-based developer last week, the company predicted a share price ranging from NOK28-36 ($4.42-5.68) per share, valuing the company at NOK1.89 billion-2.43 billion ($298 million-383 million).
With the share price set to be decided on Thursday, Scatec is aiming to have its first day of trading on the Oslo exchange on Monday, September 29.
The IPO structure revealed Scatec AS is the current majority shareholder, with a 36.8% holding, and that Tokyo-based commodities trader ITOCHU Corp together with ITOCHU Europe Plc hold a significant, 36.1% stake in the Norwegian concern.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.