Arctic Bioscience lists on Euronext Growth Oslo

Cette page est disponible dans plusieurs langues

Select Language

Oslo, 24 February 2021 – The biotech company Arctic Bioscience has today been admitted to trading on Euronext Growth (ticker code: ABS).

Arctic Bioscience is a Norwegian biotechnology company focused on developing, manufacturing and marketing ingredients extracted from herring roe.

Recently, the company raised NOK 300 million through an offering of new shares. In addition, there was an over-allotment (greenshoe option) bringing total proceeds raised in the offering to NOK 345 million. The private placement attracted strong interest from Norwegian and international investors, and was multiple times oversubscribed, announced Arctic Bioscience.

“The capital we raised in connection with the listing will enable Artic Bioscience to progress pharmaceutical development through phase II, and move forward with the construction of a state-of-the-art manufacturing facility,” says Danielle Glenn, CFO of Arctic Biosciences, in the listing video.

The shares in the new issue were sold at NOK 31.00 corresponding to a market capitalisation of NOK 753 million.

“We are very pleased with the response to the listing of Arctic Bioscience and look forward to the next phase of our journey,” says Ole Arne Eiksund, CEO of Arctic Bioscience.

Video of the bell ceremony: https://youtu.be/5WXaxmj0_O8

About Arctic Biosciences

Arctic Bioscience is a biotech company founded based on specialised know-how and competence on the unique properties of bioactive marine compounds, and has developed a proprietary platform technology that serves two unique businesses developing products for pharmaceutical and nutraceutical application. The Company is strategically located in Ørsta on the West Coast of Norway providing direct access to the raw material, and is led by a team with 30+ years of pharma and marine extracts experience. For more information, visit www.arctic-bioscience.com.

Press Release Footer

About Euronext
Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway, and Portugal. As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway, and Portugal host nearly 1,800 listed issuers with around €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.
For the latest news, follow us on X (x.com/euronext) and LinkedIn (linkedin.com/company/euronext).

_Disclaimer
_{This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.}

_{This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at}_{www.euronext.com/terms-use}_.