Willem Dekker-led Nordcap had been set to round out the offering today but it has now extended the period until tomorrow morning.

Nordcap, which had been hoping to collect over $200m from the float, says its shares are set to start trading on around 25 June.

Attempts to reach Dekker or representatives of Nordcap parent ER Capital Holding for comment on the holdup were not immediately successful at the time of writing today.