Norwegian offshore vessel owner Solstad Maritime rings the bell on Oslo Stock Exchange
Norwegian offshore vessel owner Solstad Maritime has officially rang the bell on the Oslo Stock Exchange. The price of Solstad Maritime shares opened at NOK 22.6 ($2.18) per share, with a market capitalisation of NOK 10.5bn ($1bn) on the day of listing. The company did not raise additional capital as part of the listing.
Solstad Maritime is part of the Solstad Group, which also includes Solstad Offshore. The company was established in January 2024 as part of the refinancing of the Solstad Group. Headquartered in Skudeneshavn, Norway, Solstad Maritime has around 1,500 employees with offices in five countries. The company owns 32 vessels, including 22 construction support vessels and 10 anchor handling tug supply vessels, providing specialised offshore tonnage to the global energy markets.
CEO Lars Peder Solstad expressed his satisfaction with the milestone, stating, “This milestone marks a step forward in our commitment to delivering value to our shareholders. After the company refinancing in early 2024, we stated that Solstad Maritime would be listed within 12 months, and now we are delivering on this commitment.”
The listing on the Oslo Stock Exchange marks the ninth listing on Euronext markets in 2025 and the second listing in Oslo, showcasing Solstad Maritime’s growth and presence in the market.