10x oversubscribed: Billionaire-backed offshore firm soars in Oslo trading debut to near $1 billion market cap

The offering was more than 10 times oversubscribed, attracting strong interest from domestic and international investors

Billionaire John Fredriksen photographed during his annual Christmas lunch for friends and family at Theatercaféen in Oslo, in this file photo from 2019. — Billionaire John Fredriksen photographed during his annual Christmas lunch for friends and family at Theatercaféen in Oslo, in this file photo from 2019.Photo: OLEBERG RUSTEN/NTB/SCANPIX

Jonas Walsgaard
Russell Searancke

Oslo

Published 28 June 2024, 11:27Updated 28 June 2024, 16:38

Paratus Energy Services John Fredriksen Norway Europe Western Europe