Norse Atlantic Airways has announced that it’s been listed on the Euronext Expand, a market regulated by the Oslo Børs (Oslo Stock Exchange).
The low-cost long-haul airline’s shares began trading on April 28, 2023, under the ticker NORSE. Furthermore, the company will issue an additional 60 million shares, which will be available for trading starting May 2, 2023.
“Moving to the regulated markets of Oslo Børs has been a key objective for us, so today marks an important milestone for Norse Atlantic Airways in our pursuit to become a leader in the international low-cost, long-haul market,” stated Bjørn Tore Larsen, the Chief Executive Officer (CEO) of Norse Atlantic Airways.
The airline was previously listed on the Oslo Stock Exchange’s Euronext Growth Multilateral Trading Facility (MTF), a trading system facilitating the trade of various financial instruments which might not be listed on official markets.
“Since listing the company on Euronext Growth when we established Norse about two years ago, we have made good progress in our goal to become the first sustainable low-cost, long-haul airline,” added Larsen, noting that the company is excited about its growth journey with potential new investors that could come onboard.
On April 28, 2023. Norse Atlantic Airways’ shares opened the day of trading at a price of NOK12.3 ($1.14). Currently 66.5 million shares are listed, with a market capitalization of NOK848.2 million ($78.9 million).
At present, the long-haul low-cost airline operates a fleet of six Boeing 787-9 Dreamliners, including two that are in storage. It was first established in 2021.