Denmark-based feed company BioMar has successfully completed its initial public offering (IPO), achieving a valuation of DKK 10.85 billion (USD 1.7 billion, EUR 1.4 billion).
The successful IPO is the culmination of over a year of work after the company’s owner Schouw & Co. began considering a separate listing for BioMar in November 2025. The company then announced it was starting the IPO process for BioMar in early May of this year, and on 19 May, BioMar released an Offering Circular revealing the first day of open trading would take place on 28 May.
“I am pleased to welcome BioMar’s new shareholders, including Danish and international institutional investors, as well as the many Danish private investors,” BioMar Chair and Schouw & Co. CEO Jens Bjerg Sørensen said in a release. “Investor interest in a leading pure-play aquaculture specialist at the center of a growing global industry has been overwhelming.”
The company revealed that the results of its IPO on Nasdaq Copenhagen was a final offer price of DKK 108 (USD 16.84, EUR 14.45) per share of nominal value of DKK 2.50 (USD 0.38, EUR 0.33) each, resulting in the DKK 10.85 billion market value including new shares. The total value of the offering amounted to DKK 2.7 billion (USD 421 million, EUR 361 million) and DKK 3.1 billion (USD 483 million, EUR 414 million) “including the full placing of the overallotment of shares,” the company said.
The total offering comprised 28,937,450 shares, BioMar said.
“The offering attracted significant interest and was substantially over-subscribed,” it said. “More than 10,800 new investors have been allocated shares. Ninety percent of the shares (excluding the overallotment shares) have been allocated to Danish and international institutional investors, and 10 percent have been allocated to retail investors in Denmark.”
BioMar CEO Carlos Diaz called the feedback from investors a positive and encouraging sign for the company.
“We will work hard to deliver on the expectations of our new shareholders,” he said. “The IPO is a good platform to continue our growth journey, driven by our high-quality product offering, commitment to sustainability, and advanced feeding technology in a market supported by rising global demand for farmed fish and shrimp.”
Sørensen said the IPO does not mark the end of Schouw & Co.’s involvement with BioMar.
“We intend to remain a majority shareholder, reflecting our strong confidence in the business, its value creation potential, and its management team and dedicated employees,” he said.
BioMar recently reported a strong Q1 2026 performance, with higher earnings despite lower revenue in the period.
