Icelandic groundfish and pelagic group Sildarvinnslan successfully raised ISK 29.7 billion (€197.3 million/$239.3 million) through its initial public offering (IPO), which closed May 12.
The share issue was hugely oversubscribed, with double the demand for shares than the company initially anticipated.
The issued share capital in Sildarvinnslan amounts to 1.7 billion shares. In the auction, 447.6 million shares were offered for sale.
