NOK 3.1 billion raised – market capitalisation of NOK 7.5 billion
Oslo – 17 June 2021 – Euronext today congratulates Elopak on its listing on Oslo Børs (ticker code: ELO).
Elopak is a leading global supplier of carton packaging and filling equipment for liquid food, catering to both the fresh and aseptic segments. The company uses renewable, recyclable and sustainably sourced materials to provide innovative packaging solutions.
The company recently raised NOK 3.1 billion in the initial public offering. The offering included NOK 508 million in new shares and NOK 2.55 billion in sales of existing shares. In addition, there was an over-allotment (greenshoe option) bringing total proceeds raised in the offering to NOK 3.45 billion. The shares were sold at NOK 28.00 and the company’s market capitalisation was NOK 7.5 billion on the day of listing.
Thomas Körmendi, CEO of Elopak, said: “This is a big day for Elopak, and I am very proud of today’s listing. Being a listed company gives us greater flexibility to grow and develop further. It also represents an opportunity for anyone to invest in Elopak and join us on our journey to deliver high-quality sustainable packaging solutions. Our vision is to be chosen by people, packaged by nature. Now we will also work hard to be chosen by investors.”
Elopak is a leading global supplier of carton packaging and filling equipment for liquid food, catering to both the fresh and aseptic segments. Elopak is a leading supplier of beverage cartons for fresh juice and milk in Europe and the Americas and has a strong and growing presence in aseptic liquid carton packaging. Elopak is at the forefront of sustainable packaging. Elopak uses renewable, recyclable and sustainably sourced materials to provide innovative packaging solutions.