Chilean salmon producer Salmones Austral is taking the first step towards a stock market listing in 2020 by making just under 19 percent of its share capital available to investors.

The company on Thursday launched the subscription process for the sale of 250 million shares on the Santiago stock exchange. A Salmones Austral spokesperson declined to comment on how much the salmon producer expects to raise through the share offering.

The funds will be plowed into building new aquaculture facilities, an organic growth drive and production improvements under the company’s 2020-2023 investment plan.