Norway’s Rasmussen Group is lining up an IPO for its majority-controlled seismic survey shipping company, Shearwater GeoServices.
The investment group has instructed Shearwater to prepare for a stock market debut, according to Finansavisen.
Director Dag Rasmussen said the earliest this will happen is in the first half of 2024.
The group’s valuation of its 77.2% Shearwater stake implies the shipping company is worth NOK 20bn ($1.8bn).
