Magnora Data Center ASA lists on Euronext Growth

Back

  • The first data centre provider to list in Oslo
  • Market capitalisation of approximately NOK 1.5 billion
  • 27th listing on Euronext in 2026

Oslo – 8 June 2026 – Euronext today congratulates Magnora Data Center ASA (ticker code: MDATA), a data centre developer and operator, on its listing on Euronext Growth Oslo. This is the 27th listing on Euronext so far this year. 

Magnora Data Center has a project portfolio of gross 585 megawatt in Norway, Sweden, Finland and Italy. Through a scalable and capital-light business model, Magnora Data Center supports the growing demand for data processing, cloud services and artificial intelligence applications. The company is headquartered in Oslo, Norway.

Magnora Data Center was listed through the admission to trading of 100,000,000 issued and outstanding ordinary shares. The company completed a private placement prior to the listing, raising gross proceeds of NOK 650 million. The private placement was more than ten times oversubscribed and attracted interest from investors in the Nordics and internationally.  

At market opening today, the share price was NOK 15.10 per share, giving the company a market capitalisation of NOK 1.5 billion on its first day of trading. 

Erik Sneve, Executive Chairman of Magnora Data Center, said: “The listing on Euronext Growth is a milestone for the company. We have experienced strong interest from investors during the IPO process. In the multiple times oversubscribed private placement last week, we raised NOK 650 million from a broad base of high-quality investors. We will now focus on continuing delivering on our strategy and the expectations. The proceeds from the private placement allows us to accelerate our project origination, development and investments. Let me add that I am pleased to provide the market with this first listed share in Europe offering a pure play exposure to the fast-growing data center market.”

 

Erik Sneve, Executive Chairman of Magnora Data Center ASA, rang the bell this morning together with colleagues to celebrate the listing of the company on Euronext Growth Oslo. The company was welcomed by Øivind Amundsen, CEO of Euronext Oslo Børs. (Photo: Thomas Brun | NTB)

Caption: Erik Sneve, Executive Chairman of Magnora Data Center ASA, rang the bell this morning together with colleagues to celebrate the listing of the company on Euronext Growth Oslo. The company was welcomed by Øivind Amundsen, CEO of Euronext Oslo Børs. (Photo: Thomas Brun | NTB) 

 

 

About Magnora Data Center ASA

Magnora Data Center ASA (OSE: MDATA) is a data centre developer and operator, present in Norway, Sweden, Finland, and Italy. The group operates capital-light in primarily early phases of project development, but with flexibility for investing in also later stages. The company is a subsidiary of Magnora ASA and headquartered in Oslo, Norway.

 

CONTACTS  

MEDIA – mediateam@euronext.com 
Norway Cathrine Lorvik Segerlund +47 41 69 59 10 
Download press release - Magnora Data Center ASA

Press Release Footer

About Euronext 
Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal. In November 2025, Euronext acquired a majority stake in the Athens Stock Exchange (ATHEX), reinforcing its pan-European footprint and further extending its fully integrated market infrastructure with the addition of an exchange, a CSD and a clearing house.

As of March 2026, Euronext’s regulated exchanges in Belgium, France, Greece, Ireland, Italy, the Netherlands, Norway and Portugal host over 1,800 listed issuers with €7 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 29% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.

For the latest news and resources, please visit the Media Centre. 
Follow us on Instagram (instagram.com/euronextgroup). LinkedIn (linkedin.com/company/euronext and X (x.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.

© 2026, Euronext N.V. - All rights reserved.