Denmark-based aquaculture feed company BioMar is pursuing an initial public offering (IPO), the culmination of a review process that the company’s parent company started in November 2024.
BioMar’s parent company Schouw & Co announced it was starting the IPO process in early May by announcing its intention to float, a formal announcement signaling the start of the process. On 19 May, BioMar issued an Offering Circular, and as of 20 May the offering period has started. The company has chosen Nasdaq Copenhagen for the official listing of BioMar Group A/S.
The company said its offer price range is between DKK 100 and DKK 108 (USD 15.55 and USD 16.79, EUR 13.38 and EUR 14.45) per share.
In the company’s offering circular, it said multiple investors, including Arbejdsmarkedets Tillaegspension, Danske Bank Asset Management, DNB Asset Management AS, Nykredit Asset Management, and TIND Asset Management have undertaken to purchase offer shares as cornerstone investors for a total amount of DKK 1.35 billion (USD 210 million, EUR 180 million).
“A listing will mark a significant milestone in BioMar’s history. In addition to providing direct access to capital markets, it will enhance transparency and increase public awareness of our company and brand, supporting our ability to attract and retain talent,” BioMar CEO Carlos Diaz said in a release. “BioMar is ready for life as a listed company and well positioned to continue its growth journey, driven by our high-quality product offering, commitment to sustainability and advanced feeding technology in a market defined by rising global demand for farmed fish and shrimp.”
Schouw & Co. CEO and BioMar Chair Jens Bjerg Sørensen said the IPO aligns with its approach to “active ownership.”
“For Schouw & Co., it represents an opportunity to unlock financial capacity for investments in the remaining or new portfolio businesses while retaining our position as majority shareholder in BioMar,” he said.