The sixth listing at Oslo Børs so far this year and the 21st on Euronext markets
Market capitalisation of approximately NOK 1 billion
Brings the number of companies on the Oslo Børs main list to 210
Oslo – 29 March 2022 – Oslo Børs, part of the Euronext Group, today congratulates Odfjell Technology on its listing on Oslo Børs (ticker: OTL). This is the sixth listing so far this year, bringing the total number of companies on Oslo Børs main list to 210.
Odfjell Technology is a spin-off of Odfjell Drilling’s well services and energy segments, and is a well services, drilling operations and engineering provider, both onshore and offshore.
At opening, the share price was set at NOK 26,34 per share. This corresponds to a total estimated value of the company of approximately NOK 1 billion.
Simen Lieungh, CEO of Odfjell Technology, said: “«We are very pleased with today’s spin-off and listing of Odfjell Technology Ltd on the Oslo Stock Exchange. This is a key strategic step in our long-term ambition to unlock the full value in our business areas. I have been impressed with how efficiently this and the bond placement have been executed by our teams and advisors in a tight time scale. With our 50 years history, we now look forward to writing the next chapter of our company’s success story as Odfjell Technology”, says Simen Lieungh CEO of Odfjell Technology.