NOK 1.208 million raised successfully
Market capitalisation of NOK 3.9 billion
184th listing on Euronext markets and 64th on Oslo Børs markets in 2021
Oslo – 29 November 2021 – Oslo Børs, part of the Euronext Group, today congratulates Höegh Autoliners on its listing on Euronext Growth Oslo (ticker: HAUTO).
Höegh Autoliners is a leading global provider of cargo transportation services for cars, high and heavy machinery and breakbulk. Each year the company transports approximately the equivalent of two million cars as well as other rolling and static cargo.
With the listing of Höegh Autoliners, 64 companies have been listed on Oslo Børs markets so far this year. It is the 57th listing on Euronext Growth in Oslo.
Prior to the listing, the company raised NOK 1.208 million through a private placement. In the case of the full exercise of the over-allotment option, the total amount raised will be NOK 1.365 million. The raised capital will be used as part of the company’s newly launched newbuilding program and will build a series of multi-fuel and ammonia ready Aurora class vessels.
The share price was set to NOK 21 per share, corresponding to a market capitalisation on the first day of trading of NOK 3.9 billion assuming that the Greenshoe Option is not exercised, and NOK 4.1 billion if exercised in full.
Andreas Enger, CEO of Höegh Autoliners said: “Listing on Euronext Growth represents a strong vote of confidence in the Company’s long-term commitment and robust business model. I would like to thank our people, customers, investors, and partners for contributing to our success. The funds raised will enable us to accelerate our path to zero, expand the fleet and strengthen our market position in delivering low-to-zero emission transportation services to customers.”
Höegh Autoliners is a leading global provider of Roll On Roll Off transportation services, operating a fleet of around 40 Pure Car and Truck Carriers sailing in global trade systems. Transporting cargo such as cars, high and heavy machinery and breakbulk, its customers include most of the leading global vehicle and equipment manufacturers. The Company develops innovative solutions for greener and more sustainable deep-sea transportation, and today has the lowest emissions in the industry.