It said it had sold 4.2m existing shares owned by majority investor Havila Holding, plus another 420,000 as an over-allotment.

The price of NOK 33.50 per share, which values the company at NOK 754.7m ($123.2m), was cut from NOK 36 on Tuesday “as a result of orders and indications received during the book-building period,” after the IPO was extended by another four days.

Havila