Pelican Aqua Lists on Euronext Growth Oslo

Pelican Aqua Holding Plc, a maritime aquaculture services company incorporated in Cyprus, commenced trading on Euronext Growth Oslo on July 2, 2026, under the ticker PLCAN. The company's market capitalization at the opening of trading was approximately NOK 632.1 million (about USD 60 million).

This listing marks the 42nd across Euronext markets in 2026 and the 13th new admission on Euronext Oslo Børs' marketplaces this year. Prior to its public debut, Pelican Aqua successfully raised approximately NOK 550 million (equivalent to USD 60 million) in a private placement.

The funds raised are designated to finance the initial installments for four contracted 5,000 m³ well-boats intended for live fish transport. The company also holds options for up to six additional vessels, with deliveries scheduled from CIMC Raffles shipyard in China starting in 2029.

Pelican Aqua aims to establish a modern service platform for the aquaculture sector. The company emphasizes fish welfare, biosafety, operational efficiency, and environmental performance in its strategy to meet the growing demand for specialized transport solutions within the live fish segment.