SalMar's Icelandic Salmon, formerly Arnarlax, will be looking to raise around NOK 432 million (€40.2 million/$47.1 million) with a primary offering of up to 3,756,522 new shares with a planned listing on the Oslo Stock Exchange's lower cap Merkur market on or around Oct. 27.

A secondary offering of up to 1,281,518 existing shares, equivalent to up to NOK 147 million (€13.7