Norse Atlantic Airways (N0, Oslo Gardermoen) has started trading on Euronext Expand, one of the Oslo Stock Exchange’s regulated markets, and has issued an additional 60 million shares that were available for trading starting from May 2, the low-cost long-haul airline announced in a statement.

Norway has three marketplaces for the electronic trading of shares, all of which are managed by Oslo Børs ASA, namely Oslo Børs, which is the main list in the country, Euronext Expand, which mainly consists of medium-sized companies, and Euronext Growth, typically the low-threshold realm of start-ups and smaller firms. The company’s shares began trading on Euronext Expand on April 28.

Previously, Norse Atlantic Airways debuted on Euronext Growth, a self-regulated multilateral trading facility, in April 2021, ahead of launching its first flights.

“Moving to the regulated markets of Oslo Børs has been a key objective for us, so today marks an important milestone for Norse Atlantic Airways in our pursuit to become a leader in the international low-cost, long-haul market,” Norse Atlantic’s chief executive, Bjørn Tore Larsen, declared in a statement.

“Since listing the company on Euronext Growth when we established Norse about two years ago, we have made good progress in our goal to become the first sustainable low-cost, long-haul airline,” he added, urging “potential new investors” to “come onboard.” Norse Atlantic Airways’ shares opened on the day of trading at a price of NOK12.30 kroner (USD1.14).

On April 20, Norse Atlantic Airways said it had succeeded in its intention to raise NOK150 million (USD14 million) in fresh capital, in which investors were given the opportunity to buy 60 million new shares.