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ABG Sundal Collier acted as Joint Global Coordinator and Joint Bookrunner in the NOK 7,397 million IPO of Elkem ASA

ABG Sundal Collier acted as Joint Global Coordinator and Joint Bookrunner in the NOK 7,397 million IPO of Elkem ASA

Elkem ASA (”Elkem”) has today announced the successful completion of its initial public offering (the “Offering”) and has started trading on Oslo Børs. The Offering consisted of the issuance of 179,310,344 new shares by Elkem and the sale of 42,500,000 existing shares by Bluestar. In addition, 33,271,551 shares were over-allotted. The price in the Offering was set at NOK 29.00 per share, corresponding to a market value of Elkem after the Offering of NOK 16,858 million. The Offering marks the second largest IPO on Oslo Børs the last ten years, and Elkem will become one of the 30 largest companies on the exchange by market capitalisation. The Company will use the net proceeds from the new shares to finance the acquisition of Xinghuo Silicones and Yongdeng Silicon Materials in addition to reducing the Company’s net interest bearing debt.