Morningstar

Norwegian Home and Kitchenware Retailer Homeco Seeks Oslo Listing

Provided by Dow Jones

By Dominic Chopping 




  Norwegian home and kitchenware retailer Homeco plans to list on Euronext Oslo Bors in the second quarter. 



  The company, which operates retail chains and online stores through its Kitch'n and Tilbords brands in Norway and Cervera in Sweden, said Monday it intends to raise around 100 million Norwegian kroner ($10.9 million) through a new share issue. 



  Its four largest shareholders will also facilitate a secondary offering of existing shares, it said. 



  The group has a total of 276 stores in its network, including 40 franchise stores, supported by six online platforms with over 50 million web visits annually. 



  SpareBank 1 Forvaltning and DNB Asset Management, as cornerstone investors, will subscribe for offer shares for a total of 360 million kroner in the offering at a price of up to 29 kroner a share--equivalent to a pre-money equity value of the company of around 2 billion kroner. 



  Full terms and conditions will be published ahead of the offering. 





  Write to Dominic Chopping at dominic.chopping@wsj.com 





  (END) Dow Jones Newswires



  May 11, 2026 04:34 ET (08:34 GMT)


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