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Norse Atlantic transfers to Euronext Expand Oslo

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  • 3rd transfer on Oslo Børs so far this year
  • Market capitalisation of approximately NOK 852 million

 

Oslo – 28 April, 2023 – Oslo Børs, part of the Euronext Group, today congratulates Norse Atlantic (ticker: NORSE) on its transfer from Euronext Growth Oslo to Euronext Expand Oslo. This is the third transfer between Oslo Børs marketplaces so far this year and the 35th since the beginning of 2020. This illustrates that the Growth market is fulfilling its intended aim, providing growing companies with access to capital for further development and helping them progress to a listing on the main market.

Norse Atlantic is a Norwegian airline offering affordable fares on long-haul flights, primarily between Europe and the United States. The company was founded by CEO and major shareholder Bjørn Tore Larsen in March 2021, and had its first flight in June 2022.

At opening, the share price was NOK 12.80 per share, based on the closing price on Euronext Growth Oslo on 27 April 2023. This corresponds to an estimated market capitalisation of NOK 852 million.   

Bjørn Tore Larsen, CEO of Norse Atlantic, said: “Moving to the regulated markets of Oslo Børs has been a key objective for us, so today marks an important milestone for Norse Atlantic Airways in our pursuit to become a leader in the international low-cost, long-haul market. Since listing the company on Euronext Growth when we established Norse about two years ago, we have made good progress in our goal to become the first sustainable low-cost, long-haul airline. We are excited to continue our growth journey, and we look forward to welcoming new investors on board.”

The management team and cabin crew from Norse Atlantic was represented at Oslo Børs to celebrate the company’s transfer from Euronext Growth Oslo to Euronext Expand Oslo. They were welcomed by Eirik Høiby Ausland, Head of Listing Nordics. (Photo: Thomas Brun/ NTB)

Caption: The management team and cabin crew from Norse Atlantic was represented at Oslo Børs to celebrate the company’s transfer from Euronext Growth Oslo to Euronext Expand Oslo. They were welcomed by Eirik Høiby Ausland, Head of Listing Nordics. (Photo: Thomas Brun/ NTB)

 

About Norse Atlantic

Norse Atlantic Airways is a new airline that offers affordable fares on long -haul flights, primarily between Europe and the United States. The company was founded by CEO and major shareholder Bjørn Tore Larsen in March 2021. Norse has a fleet of 15 modern, fuel-efficient and more environmentally friendly Boeing 787 Dreamliners that serve destinations including New York, Los Angeles, Fort Lauderdale, Orlando, Washington DC, San Francisco, Boston, Oslo, London, Berlin, Rome and Paris. The Company's first flight took off from Oslo to New York on June 14, 2022.

Download press release - Norse Atlantic

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About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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