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Nordcap cancels IPO
Nordcap Offshore has cancelled plans for an initial public offering (IPO) in Oslo, the company disclosed Wednesday.
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Found an interesting story?
Nordcap cancels IPO
Nordcap Offshore has cancelled plans for an initial public offering (IPO) in Oslo, the company disclosed Wednesday.
The Willem Dekker-led company said demand, despite being significant, did not meet the targeted equity requirement.
The start-up company said in a statement that it will “consider whether the offering will be re-launched at a later date.”
News of the cancellation comes after the Oslo Axess listing hopeful delayed the closing of its IPO book on Tuesday.
Nordcap had been hoping to collect over $200m from the float with the funds set to go towards acquiring 10 PSVs.
Arctic Securities, RS Platou Markets and ABN AMRO are helping Nordcap
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