Gram Car Carriers (GCC) has kicked off its $110m listing bid in Oslo as markets continue to rise.

The world's third-largest pure car truck carrier (PCTC) tonnage provider said it aims to float on the Euronext Growth board on 22 November, with an upgrade to the main exchange planned within a year.

The transaction consists of a private placement of new shares worth $100m, about 43% of the equity, and an over-allotment of a further $10m.