The company, which is currently owned by investor Christen Sveaas, is looking to raise NOK 360 million (€35.6 million/$42.4 million) through the listing, scheduled for April 26.
Sveaas acquired a majority stake in Lumarine for NOK 15.5 million ($1.8 million/€1.5 million) just last year. Sveaas used the vehicle to acquire lumpfish producer Atlantic Lumpus, and smolt producer Njord Salmon.
The price per share is NOK 3.40 (€0.34/$0.4), which values the company s share capital at NOK 402 million (€39.8 million/$47.4 million) before the capital increase.
Lumarine produces cod fry and cleaner fish at sites in Tommervag, Tjeldbergodden and Sleneset, Norway.
Lumarine produces cod fry and cleaner fish at sites in Tommervag, Tjeldbergodden and Sleneset. Photo: Illustrasjonsfoto Kenneth Didriksen