BioMar Shares Jump 5.6% to 114 Kroner After 2.7 Billion-Kroner IPO

1 articles · Updated · Bloomberg · May 28

BioMar opened at 114 Danish kroner on Thursday, up 5.6% from its 108-kroner offer price in its first day of trading in Copenhagen.
The fish-feed maker’s IPO priced at the top of the range, raising about 2.7 billion kroner mainly for owner Schouw & Co. A/S.
That listing was Copenhagen’s biggest initial public offering since Netcompany Group A/S went public in 2018.

After Denmark’s largest IPO since 2018, how will BioMar use its new capital to out-innovate its top global competitors?

With its parent company retaining majority control, how will BioMar ensure fair value for its new minority shareholders?

Can BioMar's sustainability mission survive the quarterly profit demands of the public market and its new institutional investors?