Chilean salmon farmer Salmones Austral has spent the past few years investing heavily in its operations as it prepares to launch another attempt at an IPO and list on the Chilean stock exchange.

The company announced at the end of July it was pushing back its plans for an initial public offering (IPO) and also nullifying the previously approved capital increase of $47.7 million (€47 million).

It voluntarily cancelled registration of its shares on Chile's Securities Registry of the Commission for the Financial Market (CMF), but is now set to restart the process and is "confident" it will launch an IPO and capital increase during 2023.