Magnora Data Center Lists on Euronext Growth Oslo with Market Capitalisation of Approximately NOK 1.5 Billion

Caption: Erik Sneve, Executive Chairman of Magnora Data Center ASA, rang the bell this morning together with colleagues to celebrate the listing of the company on Euronext Growth Oslo. The company was welcomed by Øivind Amundsen, CEO of Euronext Oslo Børs. (Photo: Thomas Brun | NTB)

(IN BRIEF) Magnora Data Center ASA has listed on Euronext Growth Oslo under the ticker code MDATA, becoming the first data centre provider to list in Oslo and the 27th Euronext listing of 2026. Headquartered in Oslo, the company develops and operates data centre projects and has a gross project portfolio of 585 megawatts across Norway, Sweden, Finland and Italy. The listing followed the admission to trading of 100,000,000 issued and outstanding ordinary shares and a private placement that raised NOK 650 million in gross proceeds. The placement was more than ten times oversubscribed and drew interest from both Nordic and international investors. At market opening, the shares traded at NOK 15.10, giving Magnora Data Center a market capitalisation of approximately NOK 1.5 billion on its first day of trading. The company plans to use the proceeds to accelerate project origination, development and investments, while supporting rising demand for data processing, cloud services and artificial intelligence infrastructure.

(PRESS RELEASE) OSLO, 8-Jun-2026 — /EuropaWire/ — Euronext has welcomed Magnora Data Center ASA to Euronext Growth Oslo, marking the first listing of a data centre provider in Oslo. The company began trading under the ticker code MDATA, becoming the 27th listing on Euronext in 2026.

Magnora Data Center is a data centre developer and operator headquartered in Oslo, Norway. The company has a project portfolio totalling a gross 585 megawatts across Norway, Sweden, Finland and Italy. Through a scalable and capital-light business model, the company is positioned to support increasing demand for data processing, cloud services and artificial intelligence applications.

The listing was carried out through the admission to trading of 100,000,000 issued and outstanding ordinary shares. Ahead of the listing, Magnora Data Center completed a private placement that raised gross proceeds of NOK 650 million. The placement was more than ten times oversubscribed and attracted strong interest from both Nordic and international investors.

At market opening, Magnora Data Center’s share price was NOK 15.10 per share, giving the company a market capitalisation of approximately NOK 1.5 billion on its first day of trading.

Erik Sneve, Executive Chairman of Magnora Data Center, said the listing on Euronext Growth represents an important milestone for the company. He noted that investor interest during the IPO process had been strong, with the private placement completed the previous week attracting a broad base of high-quality investors. Sneve said the proceeds will allow Magnora Data Center to accelerate project origination, development and investments, while continuing to deliver on its strategy and market expectations.

Sneve also highlighted the company’s position as the first listed share in Europe offering pure-play exposure to the fast-growing data centre market.

To mark the listing, Erik Sneve rang the opening bell at Euronext Growth Oslo together with colleagues from Magnora Data Center. The company was welcomed by Øivind Amundsen, CEO of Euronext Oslo Børs.

Magnora Data Center operates primarily in the early stages of project development through a capital-light model, while retaining flexibility to invest in later-stage opportunities. The company is a subsidiary of Magnora ASA and is active in Norway, Sweden, Finland and Italy.

The listing provides Magnora Data Center with a public market platform as it seeks to expand its project pipeline and support growing digital infrastructure needs linked to cloud computing, artificial intelligence and data processing across Europe.