In 2014, a total of 19 new companies were listed on the Oslo Stock Exchange (twelve listings) and Oslo Axess (seven listing). Thommessen advised on eleven of these IPOs.
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We acted for the issuer in eight IPOs and for the managers in three IPOs.
We acted for the issuer in the IPOs of Entra and XXL, which were the two largest IPOs in Norway in 2014. The Entra IPO was the largest since the Gjensidige IPO in 2010.
In our eleven IPOs shares for a total of approximately NOK 13.6 billion were sold, equivalent to approximately 93% of the total amount of shares sold in the 19 IPOs.
For the first time for many years, in 2014 international PE funds exited portfolio companies through IPOs on the Oslo Stock Exchange, and we acted for the issuers and the PE funds in these IPOs (XXL, Zalaris, RenoNorden and the planned IPO of Get).
Our transactions comprised companies in a number of industries (commercial property, retail merchandising, shipping, waste handling, environmental technology, IT, HR-services, oil and gas exploration and insurance).