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NOK 476.4 million raised
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Market capitalisation of NOK 1.98 billion
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153rd listing on Euronext in 2021
Oslo – 30 September 2021 – Euronext today congratulates Pyrum Innovations, a German recycling technology company, on its listing on Euronext Growth Oslo (ticker code: PYRUM).
Pyrum Innovations is a an innovative recycling technology company based in Germany. On the basis of the worldwide patented, unique thermolysis process, the company develops, builds and operates recycling plants, with the help of which Pyrum extracts high quality raw materials from used tires, rubber and plastic waste and feeds them back into the material cycle.
The admission and issue price of Pyrum Innovations shares was set at NOK 610 per share. Market capitalisation was NOK 1.98 billion on the day of listing.
With the listing of Pyrum Innovations, 153 companies have been listed on Euronext in 2021, and 61 of these on Oslo Børs.
Pascal Klein, CEO of Pyrum Innovations said: “Going public on Euronext Growth Oslo is an historic step for our company, which will lead Pyrum Innovations AG into a new era of growth. I want to express my gratitude for this achievement to my team and all the supporters of our business in the past and of course in the current Private Placement. We are looking forward to an exciting and promising future for Pyrum, in which we want to contribute our part to the achievement of a circular economy.”
About Pyrum Innovations Pyrum Innovations AG is an innovative recycling technology company based in Germany. On the basis of the worldwide patented, unique thermolysis process, the company develops, builds and operates recycling plants, with the help of which Pyrum extracts high quality raw materials from used tires, rubber and plastic waste and feeds them back into the material cycle. The raw materials obtained include thermolysis oil, for which Pyrum has received REACH certification, and recovered carbon black (rCB).