The company is already listed on Oslo’s Euronext market where it will also remain under a dual listing status.
Icelandic Salmon, formerly known as Arnarlax will start trading on the Nasdaq First North Growth Market on September 29, the company announced on Wednesday.
Nasdaq Iceland subsequently approved the request for admission of the company’s shares to trading on First North Iceland.
The salmon farming group, which is 51 percent owned by Norway’s SalMar, one of the largest salmon producers globally, is already listed on Oslo’s Euronext market where it will also remain under a dual listing status.
In a statement issued alongside the announcement, Icelandic Salmon outlined the strategic importance of this listing. “The aim of the listing is to support the operational ambitions of the company by enabling new local investors to participate in the company’s growth story and value creation,” the company noted.
The move to list on the Nasdaq First North Growth Market is anticipated to fortify Icelandic Salmon’s market presence, diversify its investor base, and enhance liquidity.