Norwegian hydrogen bunkering group Hyon is plotting a listing in Oslo following a private share sale.

The company — backed by tycoon Oystein Stray Spetalen — has raised NOK 50m ($5.7m) in the placement. This values Hyon at NOK 130m.

The group now wants to float on the Euronext Growth board.

"The private placement was oversubscribed and attracted strong investor interest," said Jorn Kristian Lindtvedt, chief executive of Hyon.