Europe · Business news · IPO & Capital Markets · 05 Oct 2026
Volare Shipping, the crude-tanker owner set up by commodity trader Trafigura, was admitted to Euronext Growth Oslo on October 5 under the ticker VLCC, with a reference price of NOK 154 a share. The listing follows a private placement of about 30.7 million new shares at that price, raising roughly $500 million and valuing the equity at around $1.2 billion after the money, according to trade publication Riviera. The company owns six very large crude carriers and has eight more on order for delivery between 2026 and 2028.
The listing gives Oslo another pure owner of very large crude carriers alongside the established tanker names, with earnings tied to spot freight rates that have been lifted by the disruption to oil flows from West Asia. Trafigura keeps commercial management of the ships, so the trader gains outside capital for a fleet that carries its own and others' cargoes. Proceeds go to the newbuilding programme, lease debt and working capital. Shipyards and lenders are on the other side of the eight vessel orders.
Reported by Euronext — “Volare Shipping Ltd. Private placement on Euronext Growth” ↗ on 05 Oct 2026.
Official series on 05 Oct 2026 or the last day before it, and the latest observation.
The two releases point in different directions and both are distorted: output by a construction surge, orders by one-off transport and defence contracts. Read together they show building and machinery makers busy…
The sale is the condition on which Kone's takeover of TK Elevator depends, so a credible buyer for the European unit bears directly on whether and when that deal closes. A Japanese owner would add another sizeable…
The deal turns Informa into an almost pure trade-show company: the combined live-events division is put at just over £4.2 billion of revenue across about 1,000 event brands. Shareholders take on dilution from the…
The move in French debt matters most to banks and insurers that hold it and to French companies whose borrowing costs follow the sovereign; it reverses part of the sell-off that took the CAC 40 to a six-month low on…
All European business stories · Every market · What changed today