Land-based salmon farmer goes public.
In a press release on Tuesday, Atlantic Sapphire has announced its first day of trading on the Oslo Stock Exchange. The shares are listed under the ticker “ASA”.
Due to the ongoing Covid-19 situation, the bell-ringing ceremony could not take place at the Oslo Stock Exchange.
Now that it is listed at the main list at the Oslo Stock Exchange, will no longer need to list on Merkur Market.
The company said that it was underway with the construction of the first phase of its Bluehouse in Miami, Florida, projected to harvest 10,000 tonnes of salmon a year from Q3 2020. The company has water permits in place to produce an annual 90,000 tonnes on-site, and has a production target of 220,000 tonnes-a-year by 2031.
Atlantic Sapphire Chairman Johan E. Andreassen said that he was pleased to have “completed a seamless listing process, especially given the current Covid-19 conditions”.
“The timing couldn’t have been better as we’re now close to first harvest from our Florida Bluehouse in the third quarter of this year”.
“We acknowledge our business and community partners who have participated in the transformation of Atlantic Sapphire over 10 years of pioneering work to date. Trading on the fully regulated Oslo Børs supports our corporate governance standards, while providing a vast runway for continued growth,” added Atlantic Sapphire Chief Financial Officer Jose Prado.
Atlantic Sapphire Managing Director Karl Øystein Øyehaug explained that: “Trading on the Oslo Stock Exchange will increase share liquidity and enable even more investors to take part in innovating salmon farming.”