Marine Harvest to IPO Pan Fish Scotland

“We are heading quickly for a listing before Dec. 1,” Leif Frode Onarheim, vice chairman and acting CEO, told IntraFish.

Onarheim confirmed the IPO will be underwritten by the Arctic Securities and Carnegie brokers, but declined to put a value on it.

Sources familiar with the situation say the IPO could be worth around NOK 800 million (€103.7 million/$147.5 million).

“It should be an interesting company, because the tonnage is much higher than with Pan Fish alone,” Onarheim said.

That tonnage should be in the region of 30,000 tons, something some analysts say may not be a sufficiently big carrot for investors.

Onarheim