Havyard cuts IPO price

Havyard Group ASA announces that the price for its  initial public offering has been amended, as a result  of orders and indications received during the book-building period.

The price at which the offer shares will be sold has been adjusted to NOK 33.50 per offer share, compared to the previously set amount NOK 36 per share.

At this revised price, applications have been received for an amount in excess of the minimum volume of 4,200,000 shares and the full overallotment option of 420,000 shares. Sufficient retail subscriptions have been received to qualify for listing on the main board of Oslo Børs.

The books will close at 16:00 CET on Tuesday 24 June.

Havyard Group is a Norway-based provider of maritime technologies, with focus on advanced vessels and associated technologies for the oil service, fishing and aquaculture businesses.