Norwegian OSV player Dof is launching a second share offering after selling out its first NOK 500m ($61m) private placement this week.

The company said the cash is financing an increase in its ownership of Dof Subsea from 51% to 65%.

It sold 833m shares at NOK 0.60 each, against a trading price of NOK 0.65 on Tuesday.

The second deal is aimed at bondholders and those who didn't take part in the first, with the aim of raising another NOK 202m at the same price.