Home » Technology » Oslo, Autostore | Historical listing on the Oslo Stock Exchange: – I have never seen anything like it

Oslo, Autostore | Historical listing on the Oslo Stock Exchange: – I have never seen anything like it

The newcomer Autostore will be among the most valuable companies on the Oslo Stock Exchange live.


Just over three weeks ago, it became clear that the industrial adventure from Nedre Vats wanted on the Oslo Stock Exchange. On Wednesday at 09.00, CEO Karl Johan Lier can ring the famous bell and rejoice over the largest stock exchange listing since the oil giant Statoil – now Equinor – went public in 2001.

Autostore’s market value at the stock exchange listing is NOK 103 billion. In comparison, the market value of Statoil was NOK 149.3 billion in 2001.

– It will be the largest listing in 20 years and the second largest ever in Norway, confirms Oslo Børs’ communications manager Catherine Lorvik Segerlund to Nettavisen Økonomi.

It will also be the second largest listing on Euronext’s markets so far this year, beaten only by the listing of Universal Music Group in Amsterdam. Universal had a market value at IPO of 33.5 billion euros – or around 327 billion kroner.

Euronext operates six securities markets and five derivatives markets in Europe.

Largest IPOs on the Oslo Stock Exchange

Equinor (June 2001) – NOK 149.3 billion.

2. Autostore (October 2021) – 103 billion kroner

3. Telenor (December 2000) – NOK 59.29 billion

4. Adevinta (April 2019) NOK 53.1 billion

5. REC (May 2006) – NOK 46.9 billion

6. Gjensidige (December 2010) – NOK 29.5 billion

Source: Dealogic




The value has skyrocketed

The Norwegian robot company has had enormous success, and has big names such as Siemens, Puma, Lufthansa and Gucci on the customer list. In April, the Japanese giant fund Softbank bought 40 percent of Autostore for more than NOK 23 billion.

Wednesday’s value at listing of NOK 103 billion means that Autostore pricing has skyrocketed in a few months.

This means that the company’s market value even before listing is greater than giants such as Salmar, Orkla, Schibsted and Gjensidige – exemplified in the graph from portfolio manager Gunnar J. Torgersen in the Holberg Funds:

Portfolio manager Leif Eriksrød says to Swedes Today’s industry that he is skeptical of the valuation.

– I’ve never seen anything like it. It is a company that can point to a very strong underlying growth for many years, but the rating is very, very high, says Eriksrød to FROM.

Sold the unicorn in 2017

Billionaire and entrepreneur Jakob Hatteland sold the “unicorn” Autostore in 2017 to the investment company EQT, after having built up the company since 1996.

In 2019, EQT sold down to a price that valued Autostore at NOK 16 billion, which was four times more than the purchase price a few years earlier. Since then, the company’s value has increased by more than 500 percent.

Autostore has installed 667 systems in more than 37 countries for a wide range of industries. Watch Stavrum & Eikeland’s interview with Autostore manager Karl Johan Lier in the video window below:


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