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Listing of Norse Atlantic on Euronext Growth Oslo

Norse Atlantic Airways is a new airline serving the low-cost, intercontinental market between European and US destinations with a fleet of modern, fuel-efficient and more environmentally friendly aircrafts.

The company recently raised NOK 1.275 billion through the issue of new shares and an over-allotment option (greenshoe option) brought the total proceeds raised in the offering to NOK 1.4 billion. The private placement attracted very strong interest from Norwegian, Nordic and international institutional investors and was oversubscribed multiple times.
The new shares were sold at NOK 20 and the company’s market capitalisation was NOK 1.475 billion on the day of listing.

Bjørn Tore Larsen, founder and CEO of Norse Atlantic Airways, said: “We at Norse Atlantic Airways are very excited about being listed on Euronext Growth here in Oslo. It is an important milestone in our pursuit of becoming a leader in the international low-cost, long-haul market. The global economy has been hit hard by the pandemic but a new era is coming. People will once again travel for business and pleasure. Our announced entry to the market has sparked tremendous interest among aviation professionals in Europe and the U.S. who want to come work for us. We look forward to welcoming new colleagues, customers and investors on board.”