Solid price gain after stock market debut | Finansavisen

But it was not a doubling of the price from the first to the second issue that tempted Larsen, as he invested an additional NOK 85.5 million before the listing.

Participants in the first issue

Name role Today’s value Gain Profit in percent

Ownership in Norway

Bjørn Tore Larsen CEO of Norse 201 663 830 63 383 830 46% 13,0%
Bjørn Kjos Board member of Norse 31 665 000 16 665 000 111% 2,0%
Bjørn Kise Kjos’ business partner 21 110 000 11 110 000 111% 1,4%
Harald Lone Shipping relation by Larsen 12 666 000 6 666 000 111% 0,8%
Anna Helene Kjos-Mathisen Kjos’ daughter 10 555 000 5 555 000 111% 0,7%
Espen Høiby Operations Director in Norway 11 610 500 5 610 500 94% 0,8%
Bjørn Erik Løkken Shipping relation by Larsen 2 111 000 1 111 000 111% 0,1%
Marius Halvorsen Norse employee 2 111 000 1 111 000 111% 0,1%
Terjo Bodin Larsen Chairman of the board in Norse 2 111 000 1 111 000 111% 0,1%
James Lightbourne CFO of Norway 2 111 000 1 111 000 111% 0,1%
Per Høiby First House boss and brother of Espen Høiby 1 055 500 555 500 111% 0,1%
Bei Boiling Norse employee 844 400 444 400 111% 0,1%
Anders Bonde Bakken Norse employee 633 300 333 300 111% 0,0%
Fredrik Øygard Norse employee 527 750 277 750 111% 0,0%
Or Margrethe Hagen Norse employee 422 200 222 200 111% 0,0%
Fredrik Strand Randgaard Norse employee 253 320 133 320 111% 0,0%
Leif Andre Moland Norse employee 211 100 111 100 111% 0,0%
Marthe Friday Tjora Norse employee 211 100 111 100 111% 0,0%
Mads Hvilshøj Norse employee 211 100 111 100 111% 0,0%
Andreas Tollaksen Norse employee 211 100 111 100 111% 0,0%
Michael Keating Norse employee 105 550 55 550 111% 0,0%
In total 302 400 750 115 900 750 19,4%

Norse Atlantic

Arendalitten, who also takes the job as CEO of the new airline, controls close to 13 percent of the share capital, and is one of the largest shareholders in Norse Atlantic.

With the price increase on Monday and upliften from the first issue, Larsen still has a solid paper gain, which amounts to NOK 63.3 million, or a return on the small change of 46 per cent.

“I was on a little ski trip in the morning, and when I came back everything was fully subscribed,” Kjos told Finansavisen after the Norse Atlantic issue was fully subscribed.

Nevertheless, Kjos’ NOK 15 million participation in the first issue has grown to NOK 31.6 million, which gives a paper gain of NOK 16.6 million. The daughter Anna Helene has an unrealized gain of NOK 5.5 million.

Several strong relationships

A potential uplift also teased Bjørn Kise, who subscribed for NOK 10 million.

But he was not alone. Two of Larsen’s shipping relations, Harald Lone and Bjørn Tore Løkken, also seized the opportunity, and invested NOK 6 and 1 million, respectively.

SUPPORTS LARSEN: Broker Bjørn E. Løkken (left) joined the first Norwegian issue. John Fredriksen and Razaq Jadgal in Arctic Securities are pr. now not found on the shareholder lists. Photo: Iván Kverme

In total, these three have a value increase of just under NOK 18.8 million after investing a total of NOK 17 million.

For those who only participated in the first issue, the unrealized return is as much as 111 percent. Among these again are a bunch of Norse Atlantic employees, who participated in the first issue with amounts from 50,000 to 1 million kroner.

Cornerstone Today’s value Gain

Ownership in Norway

Delphi Funds 147 770 000 7 770 000 9,5%
DNB Asset Management 105 550 000 5 550 000 6,8%
Handelsbanken Fonder 105 550 000 5 550 000 6,8%
Andenæsgruppen 89 717 500 4 717 500 5,8%
Skagen Funds 73 885 000 3 885 000 4,7%
Nordea Investment Management 58 052 500 3 052 500 3,7%
In total 580 525 000 30 525 000 37,3%

Norse Atlantic / Oslo Børs

Espen Høiby, who started OSM Aviation together with Larsen, and who has been given the role of operations director in Norse Atlantic, has a paper profit of NOK 5.6 million after the Norse Atlantic debut at Euronext Growth.

But also his brother, First House top Per Høiby, seized the opportunity in the first issue. After standing up with 500,000 in the issue, the money has more than doubled, and brother Høiby’s post can in principle be sold for a little over 1 million kroner. First House was, for the record, an advisor to Norse Atlantic in connection with the media communication surrounding the listing.

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