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Norwegian off to a flying start

The low fares airline Norwegian got a good start on its listing. The market sent the stock price up.

The airline Norwegian was introduced on Oslo Bourse Thursday with an issue price of NOK 32 (USD 4.57).

The value increased rapidly, and the first exchanges occurred on a course of NOK 34.50 (USD 4.92). The increase was as much as 7.8 percent in the matter of a few minutes.

At 10:35 a.m. local time the stock was valued at NOK 34.20, up 6.9 percent from the original listing price. The company was valued at NOK 579 million (USD 82.7 million) at the time of the issue, but the value increased to about NOK 618 (USD 88 million) this afternoon.

The company was the most traded at Oslo Bourse this afternoon with a turnover of NOK 58 million (USD 8.3 million).

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