Fish Feed Firm BioMar Set For Biggest Copenhagen IPO Since 2018

Danish conglomerate Schouw & Co. set the price range for its initial public offering of fish feed producer BioMar on Tuesday, in what would be Copenhagen’s largest IPO since 2018.

The IPO could raise as much as 2.72 billion kroner ($423 million), with most of the proceeds heading to Schouw, according to terms seen by Bloomberg. Shares are to be sold at 100 kroner to 108 kroner apiece, valuing BioMar — the world’s third-biggest aquafeed producer — at as much as $1.7 billion, terms show.