Magnora Raises NOK 238 Million to Accelerate Data Center and Renewable Expansion

Magnora ASA ( (SVMRF) ) has issued an update.

Magnora ASA has raised NOK 238 million in a heavily oversubscribed private placement of 8.2 million shares at NOK 29, representing about 12.6% of its share capital and priced at a modest discount to the latest close but at a premium to the 30-day VWAP. The deal, which drew strong Nordic and international institutional demand and included participation from selected board members and executives, both strengthens Magnora’s balance sheet and signals solid investor confidence as it accelerates investments in its data center unit and other renewable segments.

Of the allocated shares, 6,578,182 will be newly issued under an existing board authorization and 1,621,818 will come from treasury stock, lifting total outstanding shares to 72,360,007 once the capital increase is registered. The board has opted against a subsequent offering, arguing that the pricing and structure of the transaction treat shareholders fairly, while the fresh capital is expected to support Magnora’s planned Magnora Data Center IPO later in 2026 and bolster its strategic push in digital infrastructure and clean energy markets.

The most recent analyst rating on (SVMRF) stock is a Hold with a NOK29.00 price target. To see the full list of analyst forecasts on Magnora ASA stock, see the SVMRF Stock Forecast page.

More about Magnora ASA

Magnora ASA is a Norwegian developer and operator of data center, wind, solar and battery projects, with activities in Europe and Africa. Its portfolio includes Magnora Data Center entities, Storespeed, Hafslund Magnora Sol, offshore wind and solar PV vehicles in several countries, and it also earns contingent revenues from former renewable energy holdings. The company is listed on the main list of the Oslo Stock Exchange under the ticker MGN.

Average Trading Volume: 279,365

Current Market Cap: NOK2.14B

See more data about SVMRF stock on TipRanks’ Stock Analysis page.