Land-based yellowtail farmer The Kingfish Company intends to raise around €50 million ($59.4 million) by offering more than 26 million shares through a planned listing on the Oslo Stock Exchange's alternative Merkur Market on or around Nov. 24.

The capital raised will go towards further expansion at its Netherlands facility and potentially fast track the permitting and engineering process at the US facility, as well as other corporate needs at the Dutch site.