AutoStore lists on Oslo Børs

Back

  • NOK 2.7 billion raised
  • Market capitalisation of NOK 103.5 billion first day of listing
  • Second-largest IPO and the 160th listing on Euronext YTD

Oslo – 20 October 2021 – Euronext today congratulates AutoStore, a Norwegian robotics and software technology company and pioneer in the cube storage segment, on its listing on Oslo Børs (ticker code: AUTO). The listing represents the second-largest listing on a Euronext market this year, based on IPO market capitalisation on the listing day. It is also the largest IPO in Norway in 20 years.

AutoStore is a leader within the rapidly growing warehouse automation industry. It invented and continues to pioneer cube storage automation. The group develops warehouse solutions for the future and helps its customers to enable space saving and increase performance, while reducing labour and energy costs. The company has over 650 installations in 40 countries in a wide range of industries.

The company raised NOK 2.7 billion related to the sale of 87,096,774 treasury shares in the offering. The IPO price of AutoStore shares was set at NOK 31 per share. Market capitalisation based on IPO price was NOK 103.5 billion on the day of listing.

With the listing of AutoStore, 160 companies have been listed on Euronext in 2021, of which 62 were listed on Oslo Børs. 

Karl Johan Lier, CEO of AutoStore said: “With this IPO we have reached another great milestone in AutoStore’s history. We are proud to be listed on Oslo Børs and to continue to lead the rapidly growing warehouse and fulfilment operations industry. This market is underpinned by megatrends like increasing e-commerce penetration, automation penetration, enhanced focus on sustainability, and changing consumer demands for rapid order fulfilment and delivery. Our technology does not just address a short-term peak, but a structural, long-term shift to meet changing market demands. I would like to thank all my fantastic colleagues at AutoStore, our customers, investors and partners.”

20211020 Autostore IPO

Caption: Karl Johan Lier, CEO of AutoStore ring the bell live at the Oslo Børs market opening. During this traditional bell ceremony, the newly listed company was welcomed to Oslo Børs by Øivind Amundsen, CEO of Oslo Børs. Photo: Christopher Fey/ NTB.

Press Release Footer

About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 2,000 listed issuers and around €5.8 trillion in market capitalisation as of end June 2022, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2022, Euronext N.V. - All rights reserved.