Vantage Drilling Debuts on Euronext Growth Oslo with NOK 3.8 Billion Market Capitalization

Vantage Drilling Debuts on Euronext Growth Oslo with NOK 3.8 Billion Market Capitalization

(IN BRIEF) Vantage Drilling, an offshore drilling contractor, has listed on Euronext Growth Oslo, achieving a market capitalization of NOK 3.8 billion with an initial share price of NOK 287. This marks the ninth listing on Oslo’s market this year and the 38th on Euronext in 2024. Vantage Drilling operates globally, providing high-specification drilling rigs for oil and gas companies, with offices in the UAE and Singapore. CEO Ihab Toma highlighted that the listing enhances the company’s growth potential and visibility. The event was celebrated with a bell-ringing ceremony at Euronext Oslo Børs.

(PRESS RELEASE) OSLO, 28-Oct-2024 — /EuropaWire/ — Euronext Oslo Børs celebrates the listing of Vantage Drilling (ticker: VDI) on Euronext Growth Oslo, marking the ninth company to list on Oslo’s market this year and the 38th across Euronext in 2024, including its ninth international listing. This strategic move positions Vantage Drilling for expanded growth opportunities and increased visibility in the market.

Vantage Drilling, established in 2007, is a global offshore drilling contractor that operates a fleet of advanced, high-specification drilling rigs. The company’s core business focuses on contracting drilling units, equipment, and work crews on a day-rate basis to drill oil and gas wells worldwide for various major, national, and independent energy companies. Vantage operates out of offices in the United Arab Emirates and Singapore.

The company’s shares debuted at an initial price of NOK 287 each, resulting in a market capitalization of approximately NOK 3.8 billion on its first trading day.

Commenting on this milestone, Ihab Toma, CEO of Vantage Drilling, stated, “This listing is a significant achievement for our team and a crucial step in our company’s growth. By joining Euronext Growth Oslo, we are well-positioned to access new opportunities, enhance our market presence, and create added value for our shareholders.”

To commemorate the occasion, Ihab Toma rang the opening bell at Euronext Oslo Børs last week, joined by Øivind Amundsen, CEO of Euronext Oslo Børs, and Eirik Høiby Ausland, Head of Listing at Euronext Oslo Børs.

About Vantage Drilling

Vantage Drilling International Ltd., based in Bermuda, is an offshore drilling company specializing in ultra-deepwater drillships and premium jackup rigs. The company offers contracted drilling services, providing specialized equipment and crews for oil and gas drilling operations globally. Additionally, Vantage Drilling offers marketing, management, and operational services for drilling units owned by other parties. For more information, visit their website at www.vantagedrilling.com.

About Euronext
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.

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Disclaimer
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© 2024, Euronext N.V. – All rights reserved.

Media Contacts:

MEDIA – mediateam@euronext.com
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Amsterdam Marianne Aalders +31 20 721 41 33 amsterdampressoffice@euronext.com
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Oslo Cathrine Lorvik Segerlund +47 41 69 59 10 clsegerlund@euronext.com
Paris, Corporate Flavio Bornancin-Tomasella +33 1 70 48 24 45 parispressoffice@euronext.com
Corporate Services Coralie Patri +33 7 88 34 27 44 parispressoffice@euronext.com
ANALYSTS & INVESTORS – ir@euronext.com
Investor Relations Aurélie Cohen +33 1 70 48 24 17 ir@euronext.com
Judith Stein +33 6 15 23 91 97

SOURCE: Euronext

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