Argeo ASA Completes NOK 150 Million Private Placement

The latest update is out from Argeo AS ( (DE:8W20) ).

Argeo ASA has completed a private placement of new shares, raising NOK 150 million. The company’s share capital increase has been registered, and the new shares will be tradable on Euronext Oslo Børs following the approval of a listing prospectus by the Financial Supervisory Authority of Norway. This capital increase is expected to support Argeo’s operations and strengthen its market position in the subsea services industry.

More about Argeo AS

Argeo ASA is a comprehensive subsea service provider operating in the Oil & Gas, Marine Minerals, and Renewables sectors. The company offers a unique package that includes robust vessels, autonomous underwater vehicles, advanced sensors, digital imaging technology, and a digital platform for data collection and visualization. Argeo provides full-lifecycle services such as survey, inspection, maintenance, and repair to improve efficiency and reduce carbon footprints for global clients. Founded in 2020, Argeo has offices in Asker, Edinburgh, Houston, and Rio de Janeiro, and is listed on Euronext Oslo Børs under the ticker ARGEO.

YTD Price Performance: 22.01%

Average Trading Volume: 1,000

Technical Sentiment Signal: Buy

Current Market Cap: €28.5M

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