By Cirium2021-02-11T11:33:00+00:00
Norwegian start-up Flyr will apply for a listing on the Oslo stock exchange’s Euronext Growth market as it seeks to raise NKr600 million ($70 million) from private equity investors.
The airline has already secured NKr165 million from cornerstone investors, giving the airline an initial valuation of NKr750 million.
Investors already committing funds comprise Nordea Investment Management (NKr60 million), Tycoon Industrier, a company controlled by Oystein Spetalen (NKr50 million), Sissener (NKr30 million); and Apollo Asset, a company controlled by Arne Fredly (NKr25 million).
The price per share in the private placement will be NKr5. In addition, the airline says it has received “significant indications” of interest from other investors.