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.”
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.