Norway's Hoegh Autoliners has followed compatriot Edda Wind in selling out an initial public offering (IPO) in minutes.

The car carrier owner said bookbuilding for its potential $171m share sale and listing in Oslo began at 8:00 GMT on Monday.

At 8:15, it said the IPO managers had received orders meaning the offering was already oversubscribed.

Hoegh Autoliners was intending to sell 50m new shares at NOK 21 ($2.35)