Circa Group Completes €56 Million IPO, Begins Trading on Euronext Growth Oslo
OSLO, NORWAY — Biochemicals company Circa Group AS has successfully completed a private placement of 575 Norwegian Kroner (NOK) — approximately €56 million — in a transaction led by Pareto Securities and Sparebank 1 Markets in Oslo, at a post-money-market valuation of approximately NOK 2 billion (approximately €194 million). The company (ticker code: CIRCA) shares starts trading on Euronext Growth Oslo on March 2, 2021.
The company reports that the private placement attracted strong interest from global institutional investors and was more than 15 times oversubscribed (excluding pre-allocated shares). Cornerstone investors include BNP Paribas Energy Transition Fund, Delphi Fondene, DNB Asset Management, Handelsbanken Fonder, The Fourth Swedish National Pension Fund, Robeco Asset Management and Circa's industrial partner Norske Skog ASA.