Norwegian independent Okea has failed to hit its target of raising up to $100 million in an initial public offering as the company this week began trading on the Oslo Stock Exchange.
The Trondheim-based player raised Nkr315 million ($36.08 million) through the sale of 15 million new shares at a price of Nkr21 each.
This was significantly below the target per-share range of between Nkr25 and Nkr33 that it set in May, when it also said it was aiming to see 26 million shares.
