Tekna lists on Euronext Growth Oslo

Back

Oslo, 30 March 2021 – The advanced material provider Tekna has today been admitted to trading on Euronext Growth (ticker code: TEKNA). 

Tekna produces high-purity metal powders for 3D printing in the aerospace, medical and automotive sectors, and induction plasma systems for industrial research and production. 

“Built on three decades of delivering excellence, the company has a proven and commercialized technology with a global network of over 200 blue-chip customers and an ambitious growth strategy towards 2030. The listing on Euronext Growth is an important part of this growth strategy, and we look forward to continue the Tekna journey as a listed entity,” says Morten Henriksen, Chairman of Tekna Canada and Chief Executive Officer of Tekna Holding AS. 

Recently, the company raised NOK 650 million through issuing new shares. In addition, there was an over-allotment (greenshoe option) bringing total proceeds raised in the offering to NOK 750 million. The share offering attracted strong interest from domestic, Nordic and international investors, and was multiple times oversubscribed, announced the company

“Tekna is targeting a leadership position in three multi-billion-dollar markets: Additive manufacturing, printed electronics and energy storage. A public listing of the company will accelerate this value creation strategy. I would like to take this opportunity to thank our employees for all their hard work and effort in making Tekna a world-leading advanced materials supplier, which is now ready to IPO,” says Luc Dionne, Chief Executive Officer of Tekna Canada. 

The shares in the new issue were sold at NOK 27.00 corresponding to a market capitalisation of NOK 3.35 billion. 

 

About Tekna  Tekna is a global provider of advanced materials to various industries and multinational customers. Tekna produces high-purity metal powders for applications such as 3D printing in the aerospace, medical and automotive sectors, as well as optimized induction plasma systems for industrial research and production. With a unique IP-protected plasma technology, Tekna is well positioned in the growing market for advanced nanomaterials within the electronics and batteries industries. 

Press Release Footer

About Euronext
Euronext is the leading pan-European market infrastructure, connecting local economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, the Netherlands, Norway and Portugal. With close to 1,500 listed issuers worth €4.9 trillion in market capitalisation as of end March 2021, 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 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. 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 Euronext Growth® and Euronext Access®, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Norway and Portugal.
For the latest news, find 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.

© 2021, Euronext N.V. - All rights reserved.