REC was today successfully listed on Oslo Børs as shares started to trade at market opening, 9 a.m (GMT+1). Pricing in the initial public offering had been set at NOK 95, after strong demand raised previously indicated price range to NOK 88 to 95 (from 69 to 88). In total, the global offering comprised 73 million new shares and 1.6 million secondary shares, whereas orders booked was close to 1.200 million shares.
- We are both very pleased and grateful for the faith investors have put in our company and in the growing solar energy industry. The interest has been overwhelming, and we shall look forward to honor this trust going forward, says REC CEO Erik Thorsen.
Through the offering REC welcomes approximately 22.000 new shareholders. The larger shareholders are the Norwegian conglomerate Orkla ASA (23.5%), Dutch Good Energies Investment B.V (34.1%), and Norwegian utility Hafslund ASA (21.3%)
The REC Group is uniquely positioned in the solar energy industry as the only company with a presence across the entire value chain. REC is the world's largest producer of solar grade silicon and wafers for solar applications, as well as a significant producer of solar cells and modules.